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3. The following information is available from M & M Corp.: Information from the Balance Sheet: Depreciable Assets Accumulated Depreciation Depreciable Assets (Net) 2020 $2,458,600

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3. The following information is available from M & M Corp.: Information from the Balance Sheet: Depreciable Assets Accumulated Depreciation Depreciable Assets (Net) 2020 $2,458,600 (1,350,700 $1,107,900 2019 $1,985,400 (1,046,000 $939,400 2020 $384,500 From the Income Statement Depreciation Expense Use the information above to calculate the following: + a. Average age of the depreciable assets? b. Average remaining useful life of the depreciable assets? 7

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