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Business, 17.04.2020 18:21 carriecarl3530

The 2016 financial statements for Leggett & Platt, Inc., report the following information:
Year ended December 31, 2016 2015
(In millions)
Depreciation expense $ 86.8 $ 83.5
Property and equipment, net 565.5 540.8
Land 37.7 40.0
Accumulated depreciation 1,165.4 1,146.5
Required:
1. Which of the following estimates the property and equipment's percent-used-up at December 31, 2016?
Select one:
A. 68.8%
B. 45.4%
C. 16.9%
D. 42.3%
E. None of the above

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Answers: 3

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The 2016 financial statements for Leggett & Platt, Inc., report the following information:
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