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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(in thousands) Land Buildings and improvements Fleet and equipment Computer hardware and software Accumulated depreciation Current Year $493,694 4,854,307 3,561,500 1,258,980 10,168,481 (5,709,914) $4,458,567