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Estimating Useful Life and Percent Used Up The property and equipment footnote from the Deere & Company Equipment and Operations segment follows. Property and Depreciation

Estimating Useful Life and Percent Used Up The property and equipment footnote from the Deere & Company Equipment and Operations segment follows. Property and Depreciation A summary of property and equipment at October 31 follows.

Useful Lives*
Property and Equipment ($ millions) (Years) 2015 2014
*Weighted averages
Land $114 $120
Buildings and building equipment

23

2,794 3,037
Machinery and equipment

11

4,833 5,089
Dies, patterns, tools, etc

8

1,567 1,552
All other

5

875 889
Construction in progress 345 530
Total at cost 10,528 11,217
Less accumulated depreciation 5,846 5,694
Total $4,682 $5,523

a. Compute the average useful life of Deeres depreciable assets at year-end 2015.

Round answer to one decimal place. ___ years

b. Estimate the percent used up of Deeres depreciable assets at year-end 2015.

Round answer to one decimal place (ex: 0.2345 = 23.5%)

___

Total property and equipment additions in 2015, 2014 and 2013 were $666 million, $1,016 million and $1,158 million, and depreciation was $692 million, $696 million and $637 million, respectively.

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