Interpreting and Applying Disclosures on Property and Equipment Following are selected disclosures from Rohm and Haas Company (a specialty chemical company) 2007 10-K. determining the depreciation rate for leasehold improvements is the years remaining in the lease term or the useful life (in years) of the asset, whichever is shorter. IMPAIRMENT OF LONG-LIVED ASSETS ... For the year ended December 31, 2007, we recognized approximately $24 million of fixed asset impairment charges. (a) Compute the PPE (land, buildings and equipment) turnover for 2007 (Sales in 2007 are \$8,897 million). (Round your answer to two decimal places.) 0 ears (c) By what percentage are Rohm and Haas' assets "used up" at year-end 2007? (Round your answer to two decimal places.)