Selected items from the financial statements of three plumbing fixture manufacturers appear in the following table. All three firms use straight-line depreciation for financial reporting. Based only on this data, which firm is most likely to require significant capital expenditures in the near future?

Sammco has PP&E with the highest average age and lowest remaining useful life, and therefore appears more likely to need new equipment in the near future than the other firms.
Average age
Robbco: $6,000,000 / $800,000 = 7.5 years
Sammco: $8,000,000 / $1,000,000 = 8.0 years
Teddco: $9,000,000 / $1,500,000 = 6.0 years
Remaining useful life
Robbco: $4,000,000 / $800,000 = 5 years
Sammco: $4,000,000 / $1,000,000 = 4 years
Teddco: $9,000,000 / $1,500,000 = 6 years