Question
What is the gross balance of depreciable property and equipment (PP&E) at the end of 2022 (land and construction in progress are not considered depreciable)?
What is the gross balance of depreciable property and equipment (PP&E) at the end of 2022 (land and construction in progress are not considered depreciable)? In Note 1, you have the Accumulated Amortization for intangible assets. Assume the change in Accumulated Amortization amount is only due to the 2022 Amortization expense. Determine the depreciation expense for the PP&E for 2022. Estimate the average age of all depreciable PP&E (only in aggregate across all asset types, not asset-by-asset). Assume straight-line depreciation and zero salvage values
Link to statements below
https://www.sec.gov/ix?doc=/Archives/edgar/data/354950/000035495023000059/hd-20230129.htm
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