i need the answer quickly Estimating Useful Life and Percent Used UpThe property and equipment section of the lululemon athletica 2018 balance sheet follows.Property and Equipment (in thousands) Feb. 3, 2019 Jan. 28, 2018LandBuildingsLeasehold improvementsFurniture and fixturesComputer hardwareComputer softwareEquipment and vehiclesWork in progressProperty and equipment, grossAccumulated depreciationProperty and equipment, net$78,636$83,04838,03039,278362,571301,449103,73391,77869,54261,734230,689173,99715,00914,80674,27151,260972,481817,350(372,824)$599,657(316,211)$501,139Depreciation expense related to property and equipment was $112.6 million and $99.4 million, for the years ended February 3, 2019, and January 28, 2018, respectively.Requireda. Consider the level of the various PPE components. Does it seem likely that the company manufactures its own inventory? Nob. 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).6.6* yearsc. 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%).0.5× %

It represents the type of assets which are categorized as non-current assets. The property includes…

The property and equipment section of the lululemon athletica 2018 balance sheet follows. 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 ment and unbicles 15.000l 14.806

The property and equipment section of the lululemon athletica 2018 balance sheet follows. 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 ment and unbicles 15.000l 14.806

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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