Domino Inc. has the following plant, property, and equipment assets on its balance sheet for 2021...

Domino Inc. has the following plant, property, and equipment assets on its balance sheet for 2021 and 2020:

($ thousands)	2021	2020
Land	$ 4,200	$ 4,000
Buildings	10,400	9,800
Machinery and equipment	6,500	6,800
	21,100	20,600
Less Accumulated depreciation	1,200	1,000
Total	$ 19,900	$ 19,600

Determine what percent of the company’s depreciable assets are depreciated at the end of 2020 and 2021.

Solutions

Expert Solution

	($ thousands)	2021	2020
a	Buildings	$ 10,400	$ 9,800
b	Machinery and equipment	$ 6,500	$ 6,800
c	Total Depreciable asset	$ 16,900	$ 16,600
d	Accumulated depreciation	$ 1,200	$ 1,000
	% of Depreciated (d/c)	7.10%	6.02%

ekkarill92 answered 1 year ago

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