The following information has been provided by Bolero Corporation and Canway Enterprises in '000's $ Bolero 2020 Canway 2020 Cash 450 175 Inventory 625 872 Land 1,050 3,533 Building 1,000 3,100 Accum Depreciation 250 580 Machinery Accum Depreciation 1,225 400 2,550 1,250 10 11 19 20 Finishi Additional Information: Both Companies use straight-line depreciation, buildings are estimated to have no residual value and a 40 year use while machinery is estimated to have no residual value and a 10 year useful life. Drag and Drop the correct answers. Instructions: Calculate the average age of PPE for 2020 using both the average age % and average age ratic a) Calculate the Average age of Bolero's assets. Instructions: Calculate the average age of PPE for 2020 using both the average age a) Calculate the Average age of Bolero's assets b) Calculate the Average age % of Bolero's assets c) Calculate the Average age of Canway's assets. d) Calculate the Average age % of Canway's assets. e) Which company is more likely to replace it's assets first? a) Average age of Bolero's assets. b) Average age % of Bolero's assets. c) Average age of Canway's assets. d) Average age % of Canway's assets. e) Which company is more likely to replace it's assets first? Time Set 1:43:13 3.31 3.91 5.50 4.41 5.90 4.91 4.0 6.0 21.21% 44.44% 41.11% 38.88% 15.67% 19.90% 29.21% 32.39% Bolero Canway