Estimating Useful Life and Percent Used Up The property and equipment section of the lululemon athletica...

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Estimating Useful Life and Percent Used Up The property and equipment section of the lululemon athletica 2018 balance sheet follows Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018 Land Buildings Leasehold improvements Furniture and flchures Computer hardware Computer software Equipment and vehicles Work in progress Property and equipment, gross Accumulated depreciation Property and equipment, net $78636 $83.04 38,000 39278 362571 301,449 103753 91,778 69542 61,734 231659 173.997 15,009 14.806 74271 51,200 972,481 817350 (405,244) $567.237 343,708) $473,642 Depreciation expense related to property and equipment was $122.4 million and $108.00 million for the years ended February 3, 2019, and January 28, 2018, respectively, Required a. Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? No : b. Compute the estimated useful life of lululemon's depreciable assets. Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555) 7.9 * years c Compute the estimated percent used up of lululemons depreciable assets. Estimating Useful Life and Percent Used Up The property and equipment section of the lululemon athletica 2018 balance sheet follows Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018 Land Buildings Leasehold improvements Furniture and flchures Computer hardware Computer software Equipment and vehicles Work in progress Property and equipment, gross Accumulated depreciation Property and equipment, net $78636 $83.04 38,000 39278 362571 301,449 103753 91,778 69542 61,734 231659 173.997 15,009 14.806 74271 51,200 972,481 817350 (405,244) $567.237 343,708) $473,642 Depreciation expense related to property and equipment was $122.4 million and $108.00 million for the years ended February 3, 2019, and January 28, 2018, respectively, Required a. Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? No : b. Compute the estimated useful life of lululemon's depreciable assets. Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555) 7.9 * years c Compute the estimated percent used up of lululemons depreciable assets.