Question: Papa John s International is a major pizza chain At December

Papa John’s International is a major pizza chain. At December 31, 2012, there were 4,163 pizzerias in 35 countries, including 73 restaurants in Canada. A note to a recent annual report for Papa John’s International contained the following information ( in thousands of US dollars):
Depreciation and amortization expense ( in thousands of dollars) charged to operations was $ 32,798 in the current year and $ 32,681 in the previous year. Depreciation is generally computed by using the straight- line method for financial reporting purposes.
Required:
1. What is your best estimate of the average expected life for Papa John’s depreciable assets?
2. What is your best estimate of the average age of Papa John’s depreciable assets?

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  • CreatedAugust 04, 2015
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