Estimating the Percent Depreciated The property and equipment footnote from the Deere & Company balance sheet follows (5 millions): PROPERTY AND DEPRECIATION A summary of property and equipment at October 28, 2018, in millions of dollars follows: 2018 Land $283 Buildings and building equipment 3.848 Machinery and equipment 5,570 Dies, patterns, tools, etc 1,564 All other 1,032 Construction in progress 619 Total at cost 12,916 Less accumulated depreciation 7,095 Property and equipment.net $5,821 During 2018, the company reported $754 million of depreciation expense. Estimate the percent depreciated of Deere's depreciable assets. Round to one decimal place. 1 96