The following information comes from the 2004 financial statements of Ford Motor Company (all dollar amounts are in millions):

1. Estimate the book value of property and equipment disposed of during 2004.
2. Assume that a half-year€™s depreciation is taken on all assets acquired and disposed of during the year. Estimate the average depreciation life of Ford€™s property and equipment. Assume that none of the disposals was land, and eliminate the land balance when estimating the average depreciation life.
3. Estimate the average age of property and equipment (excluding land) owned by Ford as of December 31,2004.

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2004 2003 Land Buildings and land improvements Machinery, equipment and other.... Construction in progress 12,204 44.449 2,647 $59.975 (31,013 (30,048) ......$30.788 $ 29,927 2,598 46.387 2,089 $61,801 Total land. plant and equipment . Net land, plant and equipment . Statement of Cash Flows for 2004 Depreciation 3,242 Investing activities: Capital expenditures (6,287)