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The 2013 financial statements for this company report the following information: Year ended December 31, 2013...

The 2013 financial statements for this company report the following information: Year ended December 31, 2013 2012 (In millions) Depreciation and amortization expense $ 90.1 $ 90.4 Property and equipment, net 574.6 572.8 Land 44.5 45.3 Accumulated depreciation and amortization 1,266.6 1,237.4 a. By what percentage are the assets ‘used up’ at the year-end 2013? What implication does this ratio have for future cash flows at this company? b. Estimate the useful life on average for this companys assets.

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