The following are excerpts from Bao, Inc.financial statements related to its fixed as
Assuming the firm uses straight line depreciation, the average age and the average depreciable life of Bao’s fixed assets are closest to:
A.7 years for average age and 20 years for average depreciable life.
B.6 years for average age and 14 years for average depreciable life.
C.6 years for average age and 20 years for average depreciable life.