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An analyst gathered the following data on the balance sheet for a company ($ millions), 12/31/2014 12/31/2015 Fixed assets (Gross) $48,000 $48.000 Accumulated depreciation $24,000
An analyst gathered the following data on the balance sheet for a company ($ millions), 12/31/2014 12/31/2015 Fixed assets (Gross) $48,000 $48.000 Accumulated depreciation $24,000 $30,000 The average remaining life and the average age of the company's fixed assets at the end of 2015 are closest to: Select one: a. Average remaining years = 4 years, and Average age = 12 years b. Average remaining years = 3 years, and Average age = 8 years. c. Average remaining years = 3 years, and Average age = 5 years. d. None of other choices. e. Average remaining years = 5 years, and Average age = 8 years. f. Average remaining years = 2 years, and Average age = 5 years
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