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Following are selected disclosures from the 10-K report of Facebook Inc. Property and Equipment, Net $ millions 2015 2014 Land $596 $153 Buildings 2,273 1,420
Following are selected disclosures from the 10-K report of Facebook Inc. Property and Equipment, Net
$ millions | 2015 | 2014 |
---|---|---|
Land | $596 | $153 |
Buildings | 2,273 | 1,420 |
Leasehold equipment | 447 | 304 |
Network equipment | 3,633 | 3,020 |
Computer software, office equipment and other | 248 | 149 |
Construction in progress | 622 | 738 |
Total | 7,819 | 5,784 |
Less: Accumulated depreciation | (2,132) | (1,817) |
Property and equipment, net | $5,687 | $3,967 |
Depreciation expense on property and equipment was $1.22 billion, $923 million, and $857 million during 2015, 2014 and 2013, respectively. (a) Compute the PPE turnover for 2015 (Sales in 2015 are $17,928 million)
(b) Estimate the useful life, on average, for its depreciable PPE assets.
(c) By what percentage are Facebook's assets "used up" at year-end 2015?
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