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Please answer the 2 useful life questions in the attachment Deere 3 Co. [DE] Eli-35. Estimating Useful Life and Percent Used Up {[03} The property
Please answer the 2 useful life questions in the attachment
Deere 3 Co. [DE] Eli-35. Estimating Useful Life and Percent Used Up {[03} The property and equipment footnote from the Deere & Company balance sheet follows. Property and Depreciation A surrmery of property and equipment at October 31 follows: Land ................................. $ 13? $ 11? Buildings and building equipment .......... 23 2,584 2,430 Machinery and equipment ................ 11 4393 4,254 Dies, patterns, toois, etc .................. 3 1,330 1,213 All other .............................. 6 E19 "1'31 Construction in progress ................. 938 649 Total at ooet ......................... 10,201 9,394 Lees accumulated depreciation ............ 5,250 5.10? Total ............................... $4,951 $4,287 ' Weighted averages Total property and quipment additions in 2012. 2011 and 2010 were $1,376 million, $1,059 million and $302 million and depreciation was $555 million. $516 million and $540 million, respectively. {1. Compute the estimated useful life of Deere's depreciahle assets at greatend 2012. (Him: Exclude land and construction in progress.) How does this estimate woman: with the useful ves reported in Deere's footnote disclosure? .5. Estimate the percent used up of Deere's depreciable assets at yearend 2012. HOW do you interpret this gureStep by Step Solution
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