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:
A.Estimate the approximate percent of remaining life of the assets for Landmark and Coca Cola.
B.Which company appears to have newer assets with longer remaining lives?

Question

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The Answer of 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:
A.Estimate the approximate percent of remaining life of the assets for Landmark and Coca Cola.
B.Which company appears to have newer assets with longer remaining lives?

In Year 4, Landmark Restaurants Reported the Cost of Property