N2.Account Estimating Useful Life and Percent Used UpThe property and equipment footnote from the Deere & Company Equipment and Operations segment follows.Property and Depreciation A summary of property and equipment at October 31 follows.Useful Lives*Property and Equipment ($ millions)LandBuildings and building equipmentMachinery and equipmentDies, patterns, tools, etcAll otherConstruction in progressTotal at costLess accumulated depreciationTotal*Weighted averages231185(Years) 2015 2014$114 $1203,682 3,0375,721 5,089Check1,567 1,552875889345 53012,304 11,2175,846 5,694$6,458 $5,523Total property and equipment additions in 2015, 2014 and 2013 were $666 million, $1,016 million and $1,158 million, and depreciation was $692 million, $696 million and $637 million, respectively.a. Compute the average useful life of Deere's depreciable assets at year-end 2015.Round answer to one decimal place.17.8x yearsb. Estimate the percent used up of Deere's depreciable assets at year-end 2015.Round answer to one decimal place (ex: 0.2345 = 23.5%)49.4* %

Name: N2.Account Estimating Useful Life and Percent Used UpThe property and
Uploaded: 2024-03-05T11:50:36.000Z
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Description: N2.Account Estimating Useful Life and Percent Used UpThe property and equipment footnote from the Deere & Company Equipment and Operations segment follows.Property and Depreciation A summary of property and equipment at October 31 follows.Useful Live