Straight-line depreciation rates

Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage, assuming that the residual value of the fixed asset is to be ignored: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, (f) 40 years, (g) 50 years. If required, round your answers to two decimal places.

Item	Years	Percentage
a.	4 years	fill in the blank 1%
b.	8 years	fill in the blank 2%
c.	10 years	fill in the blank 3%
d.	16 years	fill in the blank 4%
e.	25 years	fill in the blank 5%
f.	40 years	fill in the blank 6%
g.	50 years	fill in the blank 7%