A firm using straight-line depreciation reports the following financial information:
- Gross investment in fixed assets of $89,167,205.
- Accumulated depreciation of $35,341,773.
- Annual depreciation expense of $3,885,398.
The approximate age of the fixed assets is:
A. 2.52 years.
B. 9.10 years.
C. 22.95 years.
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