Question: . The following information is available from M & M Corp .: Information from the Balance Sheet: 2020 2019 Depreciable Assets $2,458,600 $1,985,400 Accumulated Depreciation

. The following information is available from M & M Corp.:

Information from the Balance Sheet:

2020

2019

Depreciable Assets

$2,458,600

$1,985,400

Accumulated Depreciation

(1,350,700)

(1,046,000)

Depreciable Assets (Net)

$1,107,900

$939,400

From the Income Statement

2020

Depreciation Expense

$384,500

Use the information above to calculate the following:

a. Average age of the depreciable assets?

b. Average remaining useful life of the depreciable assets?

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