Bakiponi Corp What Is the Average Remaining Life of the Company's Fixed

Bakiponi Corp. provides the following data from its recent financial statements: $$\begin{array} { | l | r | r | } \hline \text { Dollars in millions) } & { \mathbf { 2 0 1 8 } } & { \mathbf { 2 0 1 9 } } \\\hline \text { Beginning Gross Fixed Assets } & \$ 2,440,000 & \$ 2,560,000 \\\hline \text { Ending Gross Fixed Assets } & 2,560,000 & 2,680,000 \\\hline \text { Beginning Accumulated Depreciation } & 910,000 & 1,110,000 \\\hline \text { Current-year Depreciation Expense } & 200,000 & 250,000 \\\hline \text { Current-year Sales Revenue } & 3,050,000 & 3,920,000 \\\hline\end{array}$$
What is the average remaining life of the company's fixed assets as of the end of 2019? (Round your answer to two decimal places, X.XX.)

A) 4.80
B) 5.28
C) 6.28
D) 5.44

Correct Answer:

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