Question
14. Refer to the following information from Mohawk Industries, Inc. Property, Plant, and Equipment Following is a summary of property, plant, and equipment: Dec. 31,
14. Refer to the following information from Mohawk Industries, Inc.
Property, Plant, and Equipment
Following is a summary of property, plant, and equipment:
| Dec. 31, 2015 | Dec. 31, 2014 | |
| |||
Buildings and improvements | 1,426,136 | 1,271,964 | |
Machinery and equipment | 3,750,787 | 3,324,657 | |
Furniture, fixtures, and miscellaneous | 606,334 | 533,592 | |
| 5,78,257 | 5,130,213 | |
Accumulated depreciation | 2,636,139 | 2,427,003 | |
Net property, plant, and equipment | 3,147,118 | 2,703,210 |
Depreciation expense was $328,486, $315,840, and $276,432 for 2015, 2014, and 3013 respectively.
Estimate the average useful life that Mohawk is using for its property, plant, and equipment for 2015.
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