Essay
Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage. (a) 2 years
(b) 8 years
(c) 10 years
(d) 20 years
(e) 25 years
(f) 40 years
(g) 50 years
Correct Answer:
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(a) 50% (1/2)
(b) 12.5% (1/8)
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Correct Answer:
Verified
(b) 12.5% (1/8)
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