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Estimating the Percent Depreciated The property and equipment footnote from the Deere & Company balance...

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Accounting

Estimating the Percent Depreciated The property and equipment footnote from the Deere & Company balance sheet follows ($ millions): PROPERTY AND DEPRECIATION A summary of property and equipment at October 31, in millions of dollars follows: Land Buildings and building equipment Machinery and equipment Dies, patterns, tools, etc All other Construction in progress Total at cost Less accumulated depreciation Property and equipment - net $121 2,501 4,254 1,213 770 649 9,508 5,296 $4,212 During the year, the company reported $516 million of depreciation expense. Estimate the percent depreciated of Deere's depreciable assets. Round to one decimal place. %
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Estimating the Percent Depreciated The property and equipment footnote from the Deere \& Company balance sheet follows ( $ millions): PROPERTY AND DEPRECIATION A summary of property and equipment at October 31, in millions of dollars follows: During the year, the company reported $516 million of depreciation expense. Estimate the percent depreciated of Deere's depreciable assets. Round to one decimal place, \%

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