Short Answer
The 2016 financial statements for Leggett & Platt, Inc. report the following information:
a. By what percentage are the assets 'used up' at the year-end 2016? What implication does this ratio have for future cash flows at Leggett & Platt?
b. Estimate the useful life on average for the Leggett & Platt depreciable assets.
Correct Answer:
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a. Percent used up = Accumulated depreci...View Answer
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Correct Answer:
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