At the beginning of the year DRJ Enterprises reported gross fixed assets of $915 million and net fixed assets of $616 million; at the end of the year, it reported gross fixed assets of $882 million and net fixed assets of $573. During the year, the company invested an additional $78 million in fixed assets and recognized depreciation of $65 million. 

Calculate the estimated remaining life of the company's fixed assets. Present your results in percentage terms, rounded to one decimal place (e.g., 12.3%)

Answer rating: 100% (QA)

The estimated remaining life of the companys fixed assets can be calculated using the formula for th... View the full answer