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The Following Information Is Available from Sheldon Corp  Information from the Balance Sheet: \text { Information from the Balance Sheet: }

Question 27

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The following information is available from Sheldon Corp.:
 Information from the Balance Sheet: \text { Information from the Balance Sheet: }

20122011 Depreciable Assets $2,458,600$1,985,400 Accumulated Depreciation (1,350,700)(1,046,000) Depreciable Assets(Net) $1,107,900$939,400\begin{array}{llll}&2012&2011\\\text { Depreciable Assets } & \$ 2,458,600 & \$ 1,985,400 \\\text { Accumulated Depreciation } &\underline{ (1,350,700)} & \underline{(1,046,000 )}\\\text { Depreciable Assets(Net) } & \$ 1,107,900 & \$ 939,400\end{array} From the Income Statement 2012 Depreciation Expense $384,500\begin{array}{llcc} \text {From the Income Statement } & 2012 \\ \text { Depreciation Expense } &\$384,500\\\end{array}
Use the information above to calculate the following:
a. Average age of the depreciable assets
b. Average remaining useful life of the depreciable assets

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a. $1,350,00 / $384,...

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