Interpreting and Applying Disclosures on Property and Equipment Following are selected disclosures from the...
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Interpreting and Applying Disclosures on Property and Equipment
Following are selected disclosures from the Evett and Sternard Company a specialty chemical companyK
; capitalized software The principal life used in determining the depreciation rate for leasehold improvements is the years remaining in the lease term or the useful life in years of the asset, whichever is shorter.
IMPAIRMENT OF LONGLIVED ASSETS
million of fixed asset impairment charges.
a Compute the PPE land buildings and equipment turnover for Sales in are $ millionRound your answer to two decimal places.
b Evett and Sternard reported depreciation expense of $ million in Estimate the useful life, on average, for its depreciable PPE assets. Round your answer to two decimal places.
years
c By what percentage are Evett and Sternard's assets "used up at yearend Round your answer to two decimal places.
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