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E8-29. Estimating the Percent Depreciated The property and equipment footnote from the Deere& Company balance sheet follows (S millions): PROPERTY AND DEPRECIATION A summary of
E8-29. Estimating the Percent Depreciated The property and equipment footnote from the Deere& Company balance sheet follows (S millions): PROPERTY AND DEPRECIATION A summary of property and equipment at October 31, 2014, in millions of dollars follows: 2014 3,108 5,089 1,552 926 530 Buildings and building equipment . . . . . . . . . . . . . All other .. 11,329 5,751 $5,578 During 2014, the company reported S696 million of depreciation expense. Estimate the percent depreciated of Deere's depreciable assets. How do you interpret this figure
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