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Ellen's Antiques reported the following in its December 31, 2016, balance sheet: Equipment $3,030,000 Accumulated depreciationequipment $2,272,500 In a disclosure note, Ellen's indicates that it

Ellen's Antiques reported the following in its December 31, 2016, balance sheet:

Equipment $3,030,000
Accumulated depreciationequipment $2,272,500

In a disclosure note, Ellen's indicates that it uses straight-line depreciation over six years and estimates salvage value at 10% of cost.

Required:
Compute the average age of Ellen's equipment at 12/31/2015.

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