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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 foodservice or food-away-from-home
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 500,000 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: Land ed (in thousands) Buildings and improvements Fleet and equipment Computer hardware and software Accumulated depreciation $ Current Year 431,694 3,816,387 2,726,415 1,109,379 8,083,875 (4,098,257) $ 3,985,618 Depreciation expense (in thousands of dollars) charged to operations was $493,800 in the current year. Depreciation generally is computed using the straight-line method for financial reporting purposes. Fleet and equipment Computer hardware and software: Accumulated depreciation 2,120,410 1,109,379 8,083,875 (4,098,257) 3,985,618 Depreciation expense (in thousands of dollars) charged to operations was $493,800 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? (Round your answer to 1 decimal place.) Estimated average useful life years 2. What is your best estimate of the average age of Sysco's depreciable assets? (Round your answer to 1 decimal place.) Estimated average age years
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