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The 2013 financial statements for Leggett & Platt, Inc. report the following information: Year ended December 31, 2013 2012 (In millions) Depreciation and amortization expense
The 2013 financial statements for Leggett & Platt, Inc. report the following information:
Year ended December 31, | 2013 | 2012 |
(In millions) |
|
|
Depreciation and amortization expense | $ 90.1 | $ 90.4 |
Property and equipment, net | 574.6 | 572.8 |
Land | 44.5 | 45.3 |
Accumulated depreciation and amortization | 1,266.6 | 1,237.4 |
a. By what percentage are the assets used up at the year-end 2013? What implication does this ratio have for future cash flows at Leggett & Platt?
b. Estimate the useful life on average for the Leggett & Platt depreciable assets.
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