Assume a $35\%$ tax rate.

$1.$ Estimate the average useful life of each firms long lived assets of January $31,2015.$

$2.$ Calculate a revised estimate of Walmart depreciation expense for the year and January $31,2015$ using the estimated average useful life of target assets use this amount to recalculate Walmart income before taxes and income from continuing operations for the year ended January $31,2015.$

$3.$ Calculate a revised estimate of target depreciation expense for the year ended January $31,2015$ using the estimated average useful life of Walmarts assets use amount to recalculate targets earnings before income taxes and net earnings from continuing operations for the year ended January $31,2015.$

$4.$ Why mighth a financial analyst want to make adjustments in requirment $2$ and $3?$

$5.$ What factors will affect the reliability and accuracy of the adjustments performed in requirements $2$ and $3?$