Forecasting Depreciation Hello, I need to forecast depreciation for a company. Problem states: Forecast depreciation as a percentage of net PP&E at the start of the year.

Use the historical FY2015 (FY ended January, 2016) rate to forecast

FY2016 Net PPE 2016: 22191

NET PEE 2015: 22720

Depreciation 2016: 1690

Depreciation 2015: 1640

CAPEX was 1503 in 2015 How do I use all this info to forecast depreciation using the methodology asked in question?

AppeIUIX ALUI Consolidated Balance Sheets - USD ($) $ in Millions Jan. 31, 2016 Feb. 01, 2015 $ 2,216 1,890 11,809 1,078 16,993 39,266 17,075 22,191 2,102 1,263 42,549 $ 1,723 1,484 11,079 1,016 15,302 38,513 15,793 22,720 1,353 571 39,946 Current Assets: Cash and Cash Equivalents Receivables, net Merchandise Inventories Other Current Assets Total Current Assets Property and Equipment, at cost Less Accumulated Depreciation Net Property and Equipment Goodwill Other Assets Total Assets Current Liabilities: Short-Term Debt Accounts Payable Accrued Salaries and Related Expenses Sales Taxes Payable Deferred Revenue Income Taxes Payable Current Installments of Long-Term Debt Other Accrued Expenses Total Current Liabilities Long-Term Debt, excluding current installments Other Long-Term Liabilities Deferred Income Taxes Total Liabilities 290 350 6,565 1,515 476 1,566 34 5,807 1,391 434 1,468 35 38 1,806 11,269 16,869 1,844 642 30,624 1,943 12,526 20,888 1,965 854 36,233