Question
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) => PPE turnover is 3.71
(b) Estimate the useful life, on average, for its depreciable PPE assets. (Years)
Round your answer to two decimal places.
(c) By what percentage are Facebook's assets "used up" at year-end 2015?
Round your answer to two decimal places.
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