Using the information below, calculate the average total depreciable life of the assets: Information from the Balance Sheet: 2012 2011 Depreciable Assets $2,458,600 $1,985,400 Accumulated Depreciation (1,350,700) (1,046,000) Depreciable Assets (Net) $1,107,900 $939,400 From the Income Statement 2012 Depreciation Expense $384,500

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.