A note to a recent annual report for Black & Decker contained the following information (dollars in
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A note to a recent annual report for Black & Decker contained the following information (dollars in thousands):
Current Year
Land and improvements ...........$ 69,091
Buildings ................. 298,450
Machinery and equipment ......... 928,151
1,295,692
Less accumulated depreciation ....... 468,511
$ 827,181
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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