Question

In its recent annual report, Sysco Corporation noted it “is the largest North American distributor of food and related products primarily to the foodservice ‘food-away-from-home’ industry. We provide products and related services to approximately 400,000 customers, including restaurants, health-care, and educational facilities, lodging establishments, and other foodservice customers.” A note to a recent annual report for Sysco contained the following information:


Depreciation expense (in thousands of dollars) charged to operations was $374,000 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 Sysco’s depreciable assets?
2. What is your best estimate of the average age of Sysco’s depreciableassets?


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  • CreatedJuly 01, 2014
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