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Estimating Useful Life and Percent Used Up The property and equipment section of the lululemon athletica 2013 balance sheet follows. Property and Equipment (in thousands] Feb. 3. 2019 Jan. 28. 2018 Land $33,536 $33,043 Buildings 33,030 39,273 Leasehold improvements 352.571 301 ,449 Furniture and xtures 103,733 91,773 Computer hardware 59,542 61,734 Computer software 230,639 173,997 Equipment and vehicles 15,009 14,306 Work in progress 14,271 51 ,260 Property and equipment. gross 912431 817.350 Accumulated depreciation (105,244) [3113.703] Property and equipment. net $557.23? $473,642 Depreciation expense related to property and equipment was $122.4 million and $108.00 million, for the years ended February 3, 2019, andJanuary 28. 2018. respectively. Required A a. Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? No v V b. Compute the estimated useful life of lululemon's depreciable assets. Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555). 6 8 years c. Compute the estimated percent used up of lululemon's depreciable assets. Note: Round percentage to one decimal place [for example, enter 6.7% for 6.6555%). I 49 8%