Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018 Land $78,636 $83,048 Buildings 38,030 39,278 Leasehold improvements 362,571 301,449 Furniture and fixtures 103,733 91,778 Computer hardware 69,542 61,734 Computer software 230,689 173,997 Equipment and vehicles 15,009 14,806 Work in progress 74,271 51,260 Property and equipment, gross 972,481 817,350 Accumulated depreciation Property and equipment, net (445,768) $526,713 (378,079) $439,271 Depreciation expense related to property and equipment was $134.6 million and $118.8 million, for the years ended February 3, 2019, and January 28, 2018, respectively. Required a. Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? No ÷ b. Compute the estimated useful life of lululemon's depreciable assets. Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555). years c. Compute the estimated percent used up of lululemon's depreciable assets. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%).
Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018 Land $78,636 $83,048 Buildings 38,030 39,278 Leasehold improvements 362,571 301,449 Furniture and fixtures 103,733 91,778 Computer hardware 69,542 61,734 Computer software 230,689 173,997 Equipment and vehicles 15,009 14,806 Work in progress 74,271 51,260 Property and equipment, gross 972,481 817,350 Accumulated depreciation Property and equipment, net (445,768) $526,713 (378,079) $439,271 Depreciation expense related to property and equipment was $134.6 million and $118.8 million, for the years ended February 3, 2019, and January 28, 2018, respectively. Required a. Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? No ÷ b. Compute the estimated useful life of lululemon's depreciable assets. Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555). years c. Compute the estimated percent used up of lululemon's depreciable assets. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018
Land
$78,636
$83,048
Buildings
38,030
39,278
Leasehold improvements
362,571
301,449
Furniture and fixtures
103,733
91,778
Computer hardware
69,542
61,734
Computer software
230,689
173,997
Equipment and vehicles
15,009
14,806
Work in progress
74,271
51,260
Property and equipment, gross
972,481
817,350
Accumulated depreciation
(445,768)
Property and equipment, net
$526,713
(378,079)
$439,271
Depreciation expense related to property and equipment was $134.6 million and $118.8 million, for the years ended February 3, 2019, and January 28, 2018, respectively.
Required
a. Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? No +
b. Compute the estimated useful life of lululemon's depreciable assets.
Note: Round your answer to one decimal place (for example, enter 6.8 for 6.77555).
years
c. Compute the estimated percent used up of lululemon's depreciable assets.
Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%).
%
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