The property and equipment section of the lululemon athletica balance sheet follows.
Property and Equipment in thousands Feb. Jan.
Land $ $
Buildings
Leasehold improvements
Furniture and fixtures
Computer hardware
Computer software
Equipment and vehicles
Work in progress
Property and equipment, gross
Accumulated depreciation
Property and equipment, net $ $
Depreciation expense related to property and equipment was $ million and $ million, for the years ended February and January 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 lululemons depreciable assets.
Note: Round your answer to one decimal place for example, enter for
Answer
years
c Compute the estimated percent used up of lululemons depreciable assets.
Note: Round percentage to one decimal place for example, enter for
Answer
