Estimating the Percent Depreciated The property and equipment footnote from the Deere & Company balance sheet follows ($ millions): PROPERTY AND DEPRECIATION A summary of property and equipment at October 31, in millions of dollars follows: Land Buildings and building equipment Machinery and equipment Dies, patterns, tools, etc All other Construction in progress Total at cost Less accumulated depreciation Property and equipment - net $124 3,108 5,089 1,552 926 530 11,329 5,751 $5,578 During the year, the company reported $696 million of depreciation expense. Check Estimate the percent depreciated of Deere's depreciable assets. Round to one decimal place. %

Estimating the Percent Depreciated The property and equipment footnote from the Deere & Company balance sheet follows ($ millions): PROPERTY AND DEPRECIATION A summary of property and equipment at October 31, in millions of dollars follows: Land Buildings and building equipment Machinery and equipment Dies, patterns, tools, etc All other Construction in progress Total at cost Less accumulated depreciation Property and equipment - net $124 3,108 5,089 1,552 926 530 11,329 5,751 $5,578 During the year, the company reported $696 million of depreciation expense. Check Estimate the percent depreciated of Deere's depreciable assets. Round to one decimal place. %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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