18. Cash Flow Analysis (LO2, CFA5) A firm using straight-line depreciation reports gross investment in fixed assets
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18. Cash Flow Analysis (LO2, CFA5) A firm using straight-line depreciation reports gross investment in fixed assets of $80 million, accumulated depreciation of $45 million, and annual depreciation expense of $5 million. The approximate average age of fixed assets is:
a. 7 years.
b. 9 years.
c. 15 years.
d. 16 years.
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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