Bakiponi Corp What Is the Average Age of the Company's Fixed Assets

Bakiponi Corp. provides the following data from its recent financial statements: $$\begin{array} { | l | r | r | } \hline \text { Dollars in millions) } & { \mathbf { 2 0 1 8 } } & { \mathbf { 2 0 1 9 } } \\\hline \text { Beginning Gross Fixed Assets } & \$ 2,140,000 & \$ 2,260,000 \\\hline \text { Ending Gross Fixed Assets } & 2,260,000 & 2,380,000 \\\hline \text { Beginning Accumulated Depreciation } & 1,210,000 & 1,450,000 \\\hline \text { Current year Depreciation Expense } & 240,000 & 290,000 \\\hline \text { Current year Sales Revenue } & 3,750,000 & 4,620,000 \\\hline\end{array}$$
What is the average age of the company's fixed assets as of the end of 2019? (Round your answer to two decimal places, X.XX.)

A) 3.21
B) 5.00
C) 6.00
D) 8.21

Correct Answer:

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