As stated in its recent annual report, Sysco Corporation . . . is the largest global distributor

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As stated in its recent annual report, “Sysco Corporation . . . is the largest global distributor of food and related products primarily to the foodservice or food-away-from-home industry. We provide products and related services to over 625,000 customer locations, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers.” A note in a recent annual report for Sysco contained the following information:

Depreciation expense (in thousands of dollars) charged to operations was $705,200 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? Round your answer to one decimal place.
2. What is your best estimate of the average age of Sysco’s depreciable assets? Round your answer to one decimal place.

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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