Interpreting and Applying Disclosures on Property and EquipmentFollowing are selected disclosures from the 10-K report of Facebook Inc. Facebook reported 2018 sales of $55,838 million.Property and Equipment, NetDecember 31, $ millionsLandBuildingsLeasehold improvementsNetwork equipmentComputer software, office equipment and other iConstruction in progressTotalLess: Accumulated depreciationProperty and equipment, net20182017$899$7987,4014,9091,84195913,017 7,9981,1876817,228 2,99231,573 18,337(6,890) (4,616)$24,683 $13,721Depreciation expense on property and equipment was $3.68 billion and $2.33 billion during 2018 and 2017, respectively.(a) Compute the PPE turnover for 2018.Round answer to one decimal place.2.9 (b) Estimate the useful life, on average, for its depreciable PPE assets.Round your answer to one decimal place.6.3 x years(c) By what percentage are Facebook's assets "used up" at year-end 2018?Round your answer to one decimal place.29.3 * %

Calculation of cost on which depreciation would be calculated.Cost = Average of both years (to…

Interpreting and Applying Disclosures on Property and Equipment Following are selected disclosures from the 10-K report of Facebook Inc. Facebook reported 2018 sales of $55,838 million. Property and Equipment, Net December 31, $ millions Land Buildings Leasehold improvements Network equipment Computer software, office equipment and other Construction in progress Total Less: Accumulated depreciation Property and equipment, net 2018 2017 $899 7,401 1,841 13,017 1,187 7,228 2,992 31,573 18,337 (6,890) (4,616) $24,683 $13,721 $798 4,909 959 7,998 681 Depreciation expense on property and equipment was $3.68 billion and $2.33 billion during 2018 and 2017, respectively. (a) Compute the PPE turnover for 2018. Round answer to one decimal place. 2.9

Interpreting and Applying Disclosures on Property and Equipment Following are selected disclosures from the 10-K report of Facebook Inc. Facebook reported 2018 sales of $55,838 million. Property and Equipment, Net December 31, $ millions Land Buildings Leasehold improvements Network equipment Computer software, office equipment and other Construction in progress Total Less: Accumulated depreciation Property and equipment, net 2018 2017 $899 7,401 1,841 13,017 1,187 7,228 2,992 31,573 18,337 (6,890) (4,616) $24,683 $13,721 $798 4,909 959 7,998 681 Depreciation expense on property and equipment was $3.68 billion and $2.33 billion during 2018 and 2017, respectively. (a) Compute the PPE turnover for 2018. Round answer to one decimal place. 2.9

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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Vaibhav
subject; accounting
Hi, may I know, the FIXED ASSET in that picture is only "property, plant and equipment" or is there anything I missed? Thank you for helping me.
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