Property and Equipment $($in thousands$)$ Feb. $3,2019$ Jan. $28,2018$

Land $$78,636$ $$83,048$

Buildings $38,03039,278$

Leasehold improvements $362,571301,449$

Furniture and fixtures $103,73391,778$

Computer hardware $69,54261,734$

Computer software $230,689173,997$

Equipment and vehicles $15,00914,806$

Work in progress $74,27151,260$

Property and equipment, gross $972,481817,350$

Accumulated depreciation $(405,244)(343,708)$

Property and equipment, net $$567,237$ $$473,642$

Depreciation expense related to property and equipment was $$122\mathrm{.}4$ million and $$108\mathrm{.}00$ million, for the years ended February $3,2019,$ and January $28,2018,$ respectively.

Required

a$.$ Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? Answer

b$.$ Compute the estimated useful life of lululemon$$s depreciable assets.

Note: Round your answer to one decimal place $($for example, enter $6\mathrm{.}8$ for $6\mathrm{.}77555).$

Answer

years

c$.$ Compute the estimated percent used up of lululemon$$s depreciable assets.

Note: Round percentage to one decimal place $($for example, enter $6\mathrm{.}7\%$ for $6\mathrm{.}6555\%)$

Answer rating: 100% (QA)

a Based on the level of property and equipment components it does not appear likely that the company ... View the full answer