Estimating Useful Life, Percent Used Up, and Gain or Loss on Disposal Husky Energy is one of Canada's largest integrated energy companies. Based in Calgary, Alberta, Husky is publicly traded on the Toronto Stock Exchange. The Compates in statements. During 2018 , the company reported depreciation expense of $2,591 million. The property and equipment footnote follows. Required a. Compute the average useful life of Husky Energy's depreciable assets in 2018. Assume that land is 10\% of "Refining." Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555 ). x years b. Estimate the percent used up of Husky Energy's depreciable assets in 2018. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555% ). % total PPE disposed during the year. Assume that Husky Energy received $4 million cash proceeds for the year. Determine the gain or loss on the disposal. Note: Do not use any negative signs with your answers. Estimating Useful Life, Percent Used Up, and Gain or Loss on Disposal Husky Energy is one of Canada's largest integrated energy companies. Based in Calgary, Alberta, Husky is publicly traded on the Toronto Stock Exchange. The Compates in statements. During 2018 , the company reported depreciation expense of $2,591 million. The property and equipment footnote follows. Required a. Compute the average useful life of Husky Energy's depreciable assets in 2018. Assume that land is 10\% of "Refining." Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555 ). x years b. Estimate the percent used up of Husky Energy's depreciable assets in 2018. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555% ). % total PPE disposed during the year. Assume that Husky Energy received $4 million cash proceeds for the year. Determine the gain or loss on the disposal. Note: Do not use any negative signs with your answers