Hank		Aarron
	2018	2019	2018	2019
Land	10,000	10,000	25,000	25,000
Buildings	360,000	320,000	136,000	136,000
Equipment	266,000	280,000	580,000	600,000
Vehicles	185,000	200,000	650,000	675,000
Accumulated Depreciation	410,000	444,000	693,000	888,000
Depreciation expense	84,000	88,000	191,400	198,400
Purchases of fixed assets	30,000	55,000	85,000	50,000
Net income	108,000	102,000	85,000	82,000
Cash flow from operations	165,000	67,000	205,000	88,000
Cash flow from financing activities	(105,000)	(10,000)	100,000	150,000

Based only on the information above calculate

1. If both companies depreciate their buildings over 40 years and no fixed assets are fully depreciated, what are the lives of the equipment and vehicles for each of the companies? Hint: You need to solve simultaneous equations for depreciation expense.
2. Calculate

1. Purchases to gross disposals
2. Purchases to net disposals
3. Purchases to depreciation expense
4. Percentage increase (decrease in net fixed assets)
5. Depreciation expense to fixed assets.

3. Which company would be the best investment and why.