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Land Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018 $78,636 $83,048 Buildings 38,030 39,278 Leasehold improvements 362,571 301,449 Furniture and fixtures 103,733
Land Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018 $78,636 $83,048 Buildings 38,030 39,278 Leasehold improvements 362,571 301,449 Furniture and fixtures 103,733 91,778 Computer hardware 69,542 61,734 Computer software 230,689 173,997 Equipment and vehicles 15,009 14,806 Work in progress 74,271 51,260 Property and equipment, gross 972,481 817350 Accumulated depreciation (445,768) (378,079) Property and equipment, net $526,713 $439,271 Depreciation expense related to property and equipment was $134.6 million and $118.8 million, for the years ended February 3, 2019, and Ja respectively. Required a. Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? No b. Compute the estimated useful life of lululemon's depreciable assets. Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555). 6.69 years C. Compute the estimated percent used up of lululemon's depreciable assets. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%). 49.5 %
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