Question
The following are selected disclosures from Cabelas (an outdoor adventure superstore): PROPERTY AND EQUIPMENT (in thousands) Depreciable Life in Years 2013 2012 Land and improvements
The following are selected disclosures from Cabelas (an outdoor adventure superstore):
PROPERTY AND EQUIPMENT (in thousands) |
|
|
|
| Depreciable |
|
|
| Life in Years | 2013 | 2012 |
Land and improvements | Up to 20 | $216,826 | $185,916 |
Buildings and improvements | 7 to 40 | 780,116 | 640,666 |
Furniture, fixtures and equipment | 3 to 15 | 643,394 | 551,904 |
Assets held under capital lease | Up to 30 | 15,611 | 13,255 |
Property and equipment |
| 1,655,947 | 1,391,741 |
Less accumulated depreciation and amortization |
| (550,101) | (473,847) |
|
| 1,105,846 | 917,894 |
Construction in progress |
| 181,699 | 103,762 |
|
| $1,287,545 | $1,021,656 |
Assuming that Cabelas uses straight-line depreciation, estimate the useful life of its depreciable PPE assets.
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