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Compute the percent used up ratio

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Question - The 2019 financial statements for Treadstone Machinery report the following information:

Year ended December 31, (In millions)

2019

2018

Revenues

21,012

19,876

Property and equipment, net

89,219

67,582

Accumulated depreciation

45,016

33,511

Depreciation expense

11,505

8,950

Required - Compute the following ratios:

A) Property, plant and equipment turnover for 2019.

B) Average useful life

C) Percent Used Up

Reference no: EM133095995

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