What is the average age of the? company fixed assets

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Reference no: EM131220053

Bakiponi Corp. provides the following data from its recent financial? statements:

(Dollars in? millions) 2016 2017

Beginning Gross Fixed Assets ?$2,340,000 ? $2,460,000

Ending Gross Fixed Assets 2,460,000 ? 2,580,000

Beginning Accumulated Depreciation ? 1,110,000 ? 1,340,000 ?

Current-year Depreciation Expense ? 230,000 ? 280,000

Current? -year Sales Revenue ? 3,450,000 ? 4,320,000

What is the average age of the? company's fixed assets as of the end of? 2017?

Reference no: EM131220053

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