A note to a recent annual report for Black & Decker contained the following information (in thousands of dollars):

Depreciation expense (in thousands of dollars) charged to operations was $99,234 in the current year. Depreciation generally is computed using the straight-line method for financial reporting purposes.
Required: 1. What is your best estimate of the average expected life for Black & Decker's depreciable assets? 2. What is your best estimate of the average age of Black & Decker's depreciable assets?

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Land and improvements Buildings Machinery and equipment Less accumulated depreciation Current Year $ 69,091 298,450 928,151 1,295,692 468.511 $ 827,181