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The property and equipment section of the lululemon athletica 2 0 1 8 balance sheet follows. Property and Equipment ( in thousands ) Feb. 3
The property and equipment section of the lululemon athletica balance sheet follows.
Property and Equipment in thousands Feb. Jan.
Land $ $
Buildings
Leasehold improvements
Furniture and fixtures
Computer hardware
Computer software
Equipment and vehicles
Work in progress
Property and equipment, gross
Accumulated depreciation
Property and equipment, net $ $
Depreciation expense related to property and equipment was $ million and $ million, for the years ended February and January respectively.
Required
a Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? Answer
b Compute the estimated useful life of lululemons depreciable assets.
Note: Round your answer to one decimal place for example, enter for
Answer
years
c Compute the estimated percent used up of lululemons depreciable assets.
Note: Round percentage to one decimal place for example, enter for
Answer
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