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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 company's fixed assets since initial acquisition or deployment is. a. Seven Years b. Four Years c. Impossible to tell with the information given
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