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What is the average age of the company fixed assets

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

(Dollars in millions)

2018

2019

Beginning Gross Fixed Assets

$2,140,000

$2,260,000

Ending Gross Fixed Assets

2,260,000

2,380,000

Beginning Accumulated Depreciation

1,210,000

1,420,000

Current year Depreciation Expense

210,000

260,000

Current year Sales Revenue

3,150,000

4,020,000

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

Reference no: EM133090154

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