Hu Corporation
Use the following Assets section of Hu Corporation's balance sheets for the years ended December 31,2018 and 2017 to answer the questions that follow.

Hu Corporation recorded depreciation expense of $344 million for 2017.
-Refer to the information for Hu Corporation.
?
Required
Calculate the following ratios for Hu for 2018.
A.Average life of property,plant,and equipment
B.Average age of property,plant,and equipment
C.What information do these ratios provide to investors and creditors?

Question

Hu Corporation
Use the following Assets section of Hu Corporation's balance sheets for the years ended December 31,2018 and 2017 to answer the questions that follow.
​
  Hu Corporation recorded depreciation expense of $344 million for 2017.
-Refer to the information for Hu Corporation.
?
Required
Calculate the following ratios for Hu for 2018.
A.Average life of property,plant,and equipment
B.Average age of property,plant,and equipment
C.What information do these ratios provide to investors and creditors?

Quizplus · Accepted Answer

The Answer of Hu Corporation
Use the following Assets section of Hu Corporation's balance sheets for the years ended December 31,2018 and 2017 to answer the questions that follow.
​
  Hu Corporation recorded depreciation expense of $344 million for 2017.
-Refer to the information for Hu Corporation.
?
Required
Calculate the following ratios for Hu for 2018.
A.Average life of property,plant,and equipment
B.Average age of property,plant,and equipment
C.What information do these ratios provide to investors and creditors?

Hu Corporation Use the Following Assets Section of Hu Corporation's Balance Sheets