The following are excerpts from Bao Inc. financia
The following are excerpts from Bao, Inc. financial statements related to its fixed assets activity for the fiscal year ended June 30, 2004 ($million):
Assuming the firm uses straight line depreciation, the average age and the average depreciable life of Bao’s fixed assets are closest to:
A. 7 years for average age and 20 years for average depreciable life.
B. 6 years for average age and 14 years for average depreciable life.
C. 6 years for average age and 20 years for average depreciable life.
参考解答
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2024-11-15 00:19:52
Ans: C.
Accumulated depreciation=gross PP&E – net PP&E
= $390 – 275
= $115
Average age = accumulated depreciation / depreciation expense
= $115/ 20 =5.8 years
Depreciable life = gross PP&E / depreciation expense
= $390/20 = 19.5 years
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