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What is average remaining life of the company fixed assets

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Reference no: EM133121710

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

?(Dollars in? millions)

2018

2019

Beginning Gross Fixed Assets

$2,540,000

$2,660,000

Ending Gross Fixed Assets

2,660,000

2,780,000

Beginning Accumulated Depreciation

1,110,000

1,330,000

Current-year Depreciation Expense

220,000

270,000

Current-year Sales Revenue

3,350,000

4,220,000

Required - What is the average remaining life of the company's fixed assets as of the end of 2019?

Reference no: EM133121710

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