Following is financial information (millions) from Tractor & Company's two segments as of October 31, 2016:
A summary of property and equipment at October 31 in millions of dollars follows:
Tractor & Company uses straight-line depreciation. Depreciation expense for 2016 is $1,110.
A. Compute PPE turnover for 2016 and 2015. PPE net for 2014 is $9,478 million. Analyze your findings. Sales for 2016 are $83,753 million and are $73,665 million for 2015.
B. By what percentage are Tractor's depreciable assets depreciated at the end of 2016? Analyze your computations.

Question

Following is financial information (millions) from Tractor & Company's two segments as of October 31, 2016:
A summary of property and equipment at October 31 in millions of dollars follows:
  Tractor & Company uses straight-line depreciation. Depreciation expense for 2016 is $1,110.
A. Compute PPE turnover for 2016 and 2015. PPE net for 2014 is $9,478 million. Analyze your findings. Sales for 2016 are $83,753 million and are $73,665 million for 2015.
B. By what percentage are Tractor's depreciable assets depreciated at the end of 2016? Analyze your computations.

Quizplus · Accepted Answer

The Answer of Following is financial information (millions) from Tractor & Company's two segments as of October 31, 2016:
A summary of property and equipment at October 31 in millions of dollars follows:
  Tractor & Company uses straight-line depreciation. Depreciation expense for 2016 is $1,110.
A. Compute PPE turnover for 2016 and 2015. PPE net for 2014 is $9,478 million. Analyze your findings. Sales for 2016 are $83,753 million and are $73,665 million for 2015.
B. By what percentage are Tractor's depreciable assets depreciated at the end of 2016? Analyze your computations.

Following Is Financial Information (Millions) from Tractor & Company's Two