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Mike Equipment has obtained the following data from its accounting records: Average cost of PPE assets $850,000 Annual depreciation expense $125,000 Accumulated depreciation $340,000 The
Mike Equipment has obtained the following data from its accounting records:
Average cost of PPE assets $850,000
Annual depreciation expense $125,000
Accumulated depreciation $340,000
The average useful life of PPE assets is:
Select one:
a) 2.72 years
b) 6.8 years
c) 2.5 years
d) Cannot be determined from the data provided
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