Answer:
a.10 years 1 / 10 x 100 10% per year
b. 8 years 1 / 8 x 100 12.5% per year
c. 25 years 1 / 25 x 100 4% per year
d. 40 years 1 / 40 x 100 2.5% per year
e. 5 years 1 / 5 x 100 20% per year
f. 4 years 1 / 4 x 100 25% per year
g. 20 years 1 / 20 x 100 5% per year
Step-by-step explanation:
Under straight line method of depreciation, equal amount of the depreciation is reduced throughout the useful life of the asset. Using the following formula:
<u>Straight line depreciation rate = 1 / Useful Life x 100
</u>
So:
a.10 years 1 / 10 x 100 10% per year
b. 8 years 1 / 8 x 100 12.5% per year
c. 25 years 1 / 25 x 100 4% per year
d. 40 years 1 / 40 x 100 2.5% per year
e. 5 years 1 / 5 x 100 20% per year
f. 4 years 1 / 4 x 100 25% per year
g. 20 years 1 / 20 x 100 5% per year
