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You have the following data for a company: FY 2016 FY 2017 Fixed Assets $2.8 million $2.8 million Accumulated Depreciation $1.2 million $1.6 million The
- You have the following data for a company:
FY 2016 FY 2017
Fixed Assets $2.8 million $2.8 million
Accumulated Depreciation $1.2 million $1.6 million
The company uses straight line depreciation with no salvage value. At the end of FY 2017, the average age of the companys fixed assets is _______________ years, and the average depreciable life of its fixed assets is ______________ years.
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