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

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Definitions:

Familiar Melodies

Well-known sequences of musical notes that are easily recognizable and often evoke specific memories or emotions.

Retinal Disparity

The slight difference in the visual images that reach each eye, contributing to the perception of depth.

Perceiving Distance

The cognitive and perceptual process by which individuals estimate the separation between themselves and objects in their environment.

Retinal Disparity

Retinal disparity refers to the slight difference in the visual images that reach each eye, which is then processed by the brain to perceive depth, forming the basis of stereopsis.