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Calculate property-plant and equipment turnover

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Reference no: EM131294582

The 2015 Financial Statements of Dell Company include the following footnote:

2016 2015

Land $4,000,000 $4,000,000

Building $6,000,000 $5,400,000

Equipment $1,500,000 $ 800,000

Total Cost $11,500,000 $10,200,000

less: accumulated depreciation    $4,500,000 $3,800,000

Net Book Value $7,000,000 $6,400,000

In addition, Sales for 2016 were $30,000,000, and depreciation expense was $700,000.

a) Calculate Property, Plant, and Equipment Turnover for 2016.

b) Estimate the Useful Life on average for the depreciable assets at the end of 2016.

c) Estimate the Property and Equipment Percent Used Up at the end of 2016.

Reference no: EM131294582

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