Francis Acana is comparing the property and equipment disclosures for three airline companies, as summarized in the following table:
|
Airline A |
Aiding B |
Airline C |
|
|
Historical cost, aircraft |
$17,239 |
£23,584 |
45,266 |
|
Accumulated depreciation aircraft |
6,584 |
13,654 |
21,745 |
|
Net cost, aircraft |
10,655 |
9,930 |
23,521 |
|
Annual depreciation expense |
575 |
786 |
1,509 |
Acana finds that the average fleet age is
a. lowest for Airline A.
b. lowest for Airline B.
c. lowest for Airline C.