Question

E8-29. Estimating the Percent Depreciated The property and equipment footnote from the Koala & Company balance sheet follows ($ millions): PROPERTY AND DEPRECIATION A summary of property and equipment at October 31, 2015, in millions of Australian dollars follows: Land....................................................................$ 121 Buildings and building equipment....................................24......2,501 Machinery and equipment.............................................11......4,254 Dies, patterns, tools, etc...........................................7......1,213 All other..............................................................5......770 Construction in progress..............................................649 Total at cost.........................................................9,508 Less accumulated depreciation.......................................5,156 Property and equipment—net.........................................$4,352 During 2015, the company reported $516 million of depreciation expense. Estimate the percent depreciated of Koala’s depreciable assets. How do you interpret this figure?

          E8-29. Estimating the Percent Depreciated
The property and equipment footnote from the Koala & Company balance sheet follows ($ millions):
PROPERTY AND DEPRECIATION
A summary of property and equipment at October 31, 2015, in millions of Australian dollars follows:
Land....................................................................$ 121
Buildings and building equipment....................................24......2,501
Machinery and equipment.............................................11......4,254
Dies, patterns, tools, etc...........................................7......1,213
All other..............................................................5......770
Construction in progress..............................................649
Total at cost.........................................................9,508
Less accumulated depreciation.......................................5,156
Property and equipment—net.........................................$4,352
During 2015, the company reported $516 million of depreciation expense.
Estimate the percent depreciated of Koala’s depreciable assets. How do you interpret this figure?

E8-29. Estimating the Percent Depreciated
The property and equipment footnote from the Koala Company balance sheet follows (millions):
PROPERTY AND DEPRECIATION
A summary of property and equipment at October 31, 2015, in millions of Australian dollars follows:
Land.................................................................... 121
Buildings and building equipment....................................24......2,501
Machinery and equipment.............................................11......4,254
Dies, patterns, tools, etc...........................................7......1,213
All other..............................................................5......770
Construction in progress..............................................649
Total at cost.........................................................9,508
Less accumulated depreciation.......................................5,156
Property and equipment—net.........................................4,352
During 2015, the company reported516 million of depreciation expense.
Estimate the percent depreciated of Koala’s depreciable assets. How do you interpret this figure?

Added by Jonathan W.

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