Question: In its recent annual report Sysco Corporation noted it is

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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