Question
(b) Evett and Sternard reported depreciation expense of $412 million in 2007. Estimate the useful life, on average, for its depreciable PPE assets. ? (c)
(b) Evett and Sternard reported depreciation expense of $412 million in 2007. Estimate the useful life, on average, for its depreciable PPE assets. ?
(c) By what percentage are Evett and Sternard's assets "used up" at year-end 2007?
The earlier answer for me was 2.93 instead of 2.98 listed on the site, so the 19.9 years and 72.05% were a little off for me too.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
