Property and Equipment $($in thousands$)$ Current Year Prior Year

Land $$80,692$ $$74,297$

Buildings $28,85030,880$

Leasehold improvements $818,071676,762$

Furniture and fixtures $144,572125,213$

Computer hardware $166,768130,393$

Computer software $742,295532,819$

Equipment and vehicles $30,76623,060$

Work in progress $244,898163,420$

Property and equipment, gross $$2,256,912$ $$1,756,844$

Accumulated depreciation $(987,298)(829,134)$

Property and equipment, net $$1,269,614$ $$927,710$

Depreciation expense related to property and equipment was $$282\mathrm{.}70$ million and $$215\mathrm{.}30$ million for the current and prior years, respectively.

Required

a$.$ Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? Why or why not?

The level of PPE held for buildings and equipment is relatively Answer $1$

$.$ From this we can conclude that the company Answer $2$

operate its own manufacturing facilities.

b$.$ Compute the estimated useful life of lululemon$$s depreciable assets for the current year $($in thousands$).$

Note: Round answers to the nearest dollar, if applicable.

$($in thousands$)$ Numerator Denominator Average Useful Life

Answer $3$

Answer $4$

c$.$ Compute the estimated percent used up of lululemon$$s depreciable assets for the current year $($in thousands$).$

Note: Round answers to the nearest dollar, if applicable.

$($in thousands$)$ Numerator Denominator Percent Used Up

Answer $5$

Answer $6$