Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a
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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) 2 years, (b) 4 years, (c) 10 years, (d) 20 years, (e) 25 years, (f) 40 years, (g) 50 years.
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