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a. Land b. Buildings c. Furniture, Fixtures, and Equipment $ d. Other e. Accumulated Depreciation f. Net Property, Plant, and Equipment \$ g. Sales 2. What depreciation method does the company use? 3. Assume that the company projects the following: - Investment in property, plant, and equipment is expected to grov - Accumulated depreciation and amortization will grow at a similar - Net sales are expected to increase by 2%. Net Property and Equipment The components of net property and equipment follow: Depreciation and finance lease amortization expense, including depreciation and finance lease amortization expense includectin cost of sales, follows: Ine consolldated balance sheet location of assets and liabilties related to operating and finance leases follow. Required: 1. What does the company report for the following items for the most current fiscal vear? Enter your answer in millions. Hint: The notes accomparying the financial statements contain supplemental balance sheet information 2. What deprecistion method does the company use? 3. Assume that the compary projects the following - Imvestment in property, plant, and equipment is expected to grow by 10% in the next fiscal year. - Accumulated depreciation and amortization will grow at a similar rate. - Net sales are expected to increase by 2%. Assume all other items remain unchanged from the prior yeat 3. Assume that the company projects the following: - Imvestment in property, plant, and equipment is expected to grow by 10% in the next fiscal year. - Accumulated depreciation and amortiration wil grow at a similar rate, - Net sales are expected to increase by 2%. Assume all other items remain unchanged from the prior year. Answer the following for the neat fiscal year: h. Assuming a useful life of 10 years and no residual value, what is the expected amount of depreciation expense? Round your answer to the nearest milion. millien 1. What is the fixed asset turnover ratio? Round your final answer to two decimal places. 1. What is the averoge age of fixed assets? Round your finsl answer to two decimal places. yebrs. k. What is depreciation expense as a percentage of net sales? found your answer to two decimal places