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Compute estimated percent used up of lululemon assets

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Reference no: EM133175456

Question - Estimating Useful Life and Percent Used Up - The property and equipment section of the lululemon athletica 2018 balance sheet follows.

Property and Equipment (in thousands)

Feb. 3, 2019

Jan. 28, 2018

Land

$78,636

$83,048

Buildings

38,030

39,278

Leasehold improvements

362,571

301,449

Furniture and fixtures

103,733

91,778

Computer hardware

69,542

61,734

Computer software

230,689

173,997

Equipment and vehicles

15,009

14,806

Work in progress

74,271

51,260

Property and equipment, gross

972,481

817,350

Accumulated depreciation

(405,244)

(343,708)

Property and equipment, net

$567,237

$473,642

Depreciation expense related to property and equipment was $122.4 million and $108.00 million, for the years ended February 3, 2019, and January 28, 2018, respectively.

Required - Compute the estimated percent used up of lululemon's depreciable assets.

Reference no: EM133175456

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