Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. estimating useful life and percent used up the pr

Estimating Useful Life and Percent Used Up The property and equipment section of the...

80.2K

Verified Solution

Question

Accounting

Estimating Useful Life and Percent Used Up
The property and equipment section of the lululemon athletica 2018 balance sheet follows.
Depreciation expense related to property and equipment was $112.6 million and $99.4 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?
b. Compute the estimated useful life of lululemon's depreciable assets.
Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555).
years
c. Compute the estimated percent used up of lululemon's depreciable assets.
Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%).
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

At year-end 2016, Wallace Landscaping’s total assets were $1.0 million, and its accounts payable were $375,000. Sales,...

Civil Engineering
1.2K views

A. An earthwork contract requires to cut and move excavated rocks. The site is a typical...

Medical Sciences
1.2K views

10 effects and consequences of family planning? Explain

Accounting
1.2K views

Marcelino Co.'s March 31 inventory of raw materials is $86,000. Raw materials purchases in April are...

Calculus
1.2K views

y 10 5 TE O O 40 O 5 0 5 Find the rule of...

Algebra
1.2K views

Answer the questions about the following function f x 2x x 1 a Is the...

Accounting
1.2K views

iwathmore Clothing Corporation grants its customers 30 days' credit. The company...

Accounting
1.2K views

Question 27 Aiello, Inc. had the following inventory in fiscal 2016. The company uses the...

Accounting
1.2K views

a non residential real property placed in service 7-021 1700,000 39yr, recovery period convention mm,...

Accounting
1.2K views

2. A Fizeau interferometer is used to compare a convex spherical surface (100 m radius...

Accounting
1.2K views

Grayson Company produces an industrial chemical used for cleaning and lubricating machinery. In the Mixing...

Accounting
1.2K views

GoRight Inc. (GRI) is a franchisor who sells the rights to its trademark to franchisees....