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As stated in its recent annual report, Sysco Corporation . . . is the largest global distributor of food and related products primarily to the

As stated in its recent annual report, "Sysco Corporation . . . is the largest global distributor of food and related products primarily to the foodservice or food-away-from-home industry. We provide products and related services to over 625,000 customer locations, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. A note in a recent annual report for Sysco contained the following information:

(in thousands) Current Year
Land $ 493,694
Buildings and improvements 4,854,307
Fleet and equipment 3,561,500
Computer hardware and software 1,258,980
10,168,481
Accumulated depreciation (5,709,914)
$ 4,458,567

Source: Sysco Corporation

Depreciation expense (in thousands of dollars) charged to operations was $705,200 in the current year. Depreciation generally is computed using the straight-line method for financial reporting purposes.

Required:

  1. What is your best estimate of the average expected life for Sysco's depreciable assets?
  2. What is your best estimate of the average age of Sysco's depreciable assets?

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