Reported depreciation expense is 603 million for the year


Empire State Tools and Die provides the following information related to its land, buildings and equipment (in millions):

Property Plant & Equipment 2013 2012

Land $145 $132

Buildings $423 $410

Machinery and Equipment $7,302 $6,720

Total PP&E $7,870 $7,262

Accumulated depreciation $5,045 $4,876

Reported depreciation expense is $603 million for the year. For 2013, calculate the percent-used-up for Empire State Tool and Die.

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Accounting Basics: Reported depreciation expense is 603 million for the year
Reference No:- TGS02602704

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