Compute the average useful life of PPE assets

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Question - Monster Equipment has obtained the following data from its accounting records:

Average cost of PPE assets $850,000

Annual depreciation expense $125,000

Accumulated depreciation $340,000

Required - Compute the average useful life of PPE assets?

a) 2.72 years

b) 6.8 years

c) 2.5 years

d) Cannot be determined from the data provided

Reference no: EM132744365

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