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Use the following information for Questions 23-25: The following is information selected from NuPlay's annual financial statements. NuPlay ends its fiscal year on December 31.
Use the following information for Questions 23-25: The following is information selected from NuPlay's annual financial statements. NuPlay ends its fiscal year on December 31. Assume there were no non-monetary exchanges relating to PP&E. 2011 2010 Cash expenditures on the purchase of PP&E $33,000 $22,500 Cash receipts from the sale of PP&E $6,000 $4,000 $225,000 $330,000 Accumulated Depreciation Net Book Value of PP&E $125,000 $ 155,000 Depreciation Expense $25,000 $22,000 Question 25: Compute the approximate age (in years) of NuPlay's PP&E at the end of 2011. Assume NuPlay uses straight-line depreciation and uses a salvage value of zero for all assets
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