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CP8-4 (Static) Using Financial Reports: Analyzing the Age of Assets LO8-3 As stated in its recent annual report, Sysco Corporation ... is the largest global

image text in transcribed CP8-4 (Static) Using Financial Reports: Analyzing the Age of Assets LO8-3 As stated in its recent annual report, "Sysco Corporation ... is the largest global distributor of food and related products primarily to he foodservice or food-away-from-home industry. We provide products and related services to over 500,000 customer locations, ncluding restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers." A note in a ecent annual report for Sysco contained the following information: 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: What is your best estimate of the average expected life for Sysco's depreciable assets? (Round your answer to 1 decimal place.) 2. What is your best estimate of the average age of Sysco's depreciable assets? (Round your answer to 1 decimal place.)

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