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

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

Round answer to one decimal place. Answer

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%) Answer

* My answers were 14.6 and 58.1%, however, these answers were marked incorrect and the correct answer given was 14.9 and 56.7; Can you help explain how to arrive at these answers?

thanks