Papa John€™s International is a major pizza chain. At December 31, 2012, there were 4,163 pizzerias in 35 countries, including 73 restaurants in Canada. A note to a recent annual report for Papa John€™s International contained the following information ( in thousands of US dollars):

Depreciation and amortization expense ( in thousands of dollars) charged to operations was $ 32,798 in the current year and $ 32,681 in the previous year. Depreciation is generally computed by using the straight- line method for financial reporting purposes.
Required:
1. What is your best estimate of the average expected life for Papa John€™s depreciable assets?
2. What is your best estimate of the average age of Papa John€™s depreciable assets?

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2011 32,735 85,907 90,855 231,069 2012 Land Buildings and improvements Leasehold improvements Equipment and other Construction in progress 32,776 86,219 96,652 249,055 23,262 497,964 5,159 Less accumulated depreciation and amortization (291.303) Net property and equipment Source: Papa John's International, Annual Report 2012, Form 10K. 445,715 (263,905) $181,910 $196.661