In its recent annual report, Sysco Corporation noted it is the largest North American distributor of food

In its recent annual report, Sysco Corporation noted it €œis 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?

Transcribed Image Text:

(in thousands) Land Buildings and improvements Fleet and equipment Computer hardware and software Current Year 348,168 3,227,340 2,275,007 897,712 6,748,227 3,235,838 $3,512,389 Less accumulated depreciation