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The year end financial statements for Pratt Inc., report the following information: Year ended December 31, (In millions) Year 2 Year 1 Depreciation expense $86.8
The year end financial statements for Pratt Inc., report the following information:
Year ended December 31, | ||
---|---|---|
(In millions) | Year 2 | Year 1 |
Depreciation expense | $86.8 | $83.5 |
Property, Plant and equipment, net | 565.5 | 540.8 |
Land (included in net PPE above) | 37.7 | 40.0 |
Accumulated depreciation | 932.0 | 917.2 |
Which of the following estimates the property and equipment's percent-used-up at December 31, Year 2?
Select one:
a. 64.8%
b. 15.3%
c. 62.2%
d. 60.7%
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