Assume the following property and equipment footnote was obtained from the Flowers Shop, Inc. 2 0 2
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Question:
Assume the following property and equipment footnote was obtained from the Flowers Shop, Inc. Year End Audit
Property and Depreciation A summary of property and equipment at October follows:
Average Useful lives years
Equipment Operations
Land
Buildings
Machinery
Dies,patterns,tools
All other
Construc tion in progress
Total at cost
Less acc. Deprecation
Total
Calculate the Depreciable Assets for Each year and use that information to calculate the following:
Estimate the percent used up of Flower Shop's depreciable assets as of YE
During the Year, Flowers reported $ in depreciation expense.
Compute the estimated useful life of Flowers depreciable assets as of YE
Posted Date: