Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Could you please explain to me on how I eliminate land from PP&E, so I can finish my calculations below? I only included them for
Could you please explain to me on how I eliminate land from PP&E, so I can finish my calculations below? I only included them for the purpose of why I need to remove land.
I'm supposed to use the company I selected (Apple Inc) to calculate:
Average total life span = Gross plant and equipment assets / Current year depreciation expense.
Average age = Accumulate depreciation / Current year depreciation expense.
Average remaining life = Net plant and equipment assets / Current year depreciation expense.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started