In Year 4, Landmark Restaurants reported the cost of property and equipment at $1,189.8 million...
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Accounting
In Year 4, Landmark Restaurants reported the cost of property and equipment at $1,189.8 million and the accumulated depreciation at $224.2 million. In that same year, Coca Cola reported $10,149 million in long-lived, productive assets and accumulated depreciation on them of $4,058. Required: Estimate the approximate percent of remaining life of the assets for Landmark and Coca Cola. Which company appears to have newer assets with longer remaining lives?
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