Interpreting and Applying Disclosures on Property and Equipment Following are selected disclosures from the 10-K...
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Interpreting and Applying Disclosures on Property and Equipment Following are selected disclosures from the 10-K report of Facebook Inc. Property and Equipment, Net
$ millions
2015
2014
Land
$596
$153
Buildings
2,273
1,420
Leasehold equipment
447
304
Network equipment
3,633
3,020
Computer software, office equipment and other
248
149
Construction in progress
622
738
Total
7,819
5,784
Less: Accumulated depreciation
(2,132)
(1,817)
Property and equipment, net
$5,687
$3,967
Depreciation expense on property and equipment was $1.22 billion, $923 million, and $857 million during 2015, 2014 and 2013, respectively. (a) Compute the PPE turnover for 2015 (Sales in 2015 are $17,928 million)
Round answer to two decimal places. ___3.71___(b) Estimate the useful life, on average, for its depreciable PPE assets.
Round your answer to two decimal places. ________ years (The answer is NOT 5.41 and 5.58) (c) By what percentage are Facebook's assets "used up" at year-end 2015?
Round your answer to two decimal places. _____32.3____%
Please acculate the QUESTION B, thank you
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