Use the information presented below for Chambersburg Corp for 2017 and 2016 to answer the questions that follow. Chambersburg uses the straight-line depreciation method. 2017 2016 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for
Chambersburg Corp Using the 2017 data, what is the average age of Chambersburg's property, plant, and equipment?
a. 1.60 years
b. 2.50 years
c. 4.00 years
d. 10.00 years
a
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