On January 1, a company purchases a building for $550.000 with a 20 year useful life and a $0 salvage or residual value. The company uses the double declining balance depreciation method and has not recorded depreciation since the purchase on Jan 1. Use the above information to calculate the following answers: a) What is the straight line rate? (show answers as whole percents) b) What is the double declining balance rate? (show answers as whole percents) % % c) What is the first year's deprecation expense? (round to the whole dollar) $ d) What is the second year's deprecation expense? (round to the whole dollar) $