Bakiponi Corp What Is the Average Remaining Life of the Company's Fixed

question 38

Multiple Choice

Bakiponi Corp. provides the following data from its recent financial statements: $$\begin{array} { | l | r | r | } \hline \text { Dollars in millions) } & { \mathbf { 2 0 1 8 } } & { \mathbf { 2 0 1 9 } } \\\hline \text { Beginning Gross Fixed Assets } & \$ 2,440,000 & \$ 2,560,000 \\\hline \text { Ending Gross Fixed Assets } & 2,560,000 & 2,680,000 \\\hline \text { Beginning Accumulated Depreciation } & 910,000 & 1,110,000 \\\hline \text { Current-year Depreciation Expense } & 200,000 & 250,000 \\\hline \text { Current-year Sales Revenue } & 3,050,000 & 3,920,000 \\\hline\end{array}$$
What is the average remaining life of the company's fixed assets as of the end of 2019? (Round your answer to two decimal places, X.XX.)

• A) 4.80
• B) 5.28
• C) 6.28
• D) 5.44

---

Definitions:

Demographic Facts

are statistics that relate to the population and particular groups within it, such as age, race, gender, income, and education levels.

Deviant Activity

Behavior that violates social norms or expectations.

Constructionist Perspective

A viewpoint in sociology that emphasizes the ways social phenomena are created, institutionalized, and made into tradition by humans.

Objective Fact

Information verified through observation or measurement, independent of personal feelings or opinions.