At the end of the fiscal year 2023, Elliott Manufacturing Co. had net property, plant, and equipment (PPE) of $4.2 billion. The ending balance for 2022 was $4.150 billion, and the firm had depreciation expense during 2023 of $0.850 billion. How much did the company spend on new property, plant, and equipment (PPE) during 2023?

At the end of the fiscal year 2023, Elliott Manufacturing Co. had net property, plant, and equipment (PPE) of $4.2 billion. The ending balance for 2022 was $4.150 billion, and the firm had depreciation expense during 2023 of $0.850 billion. How much did the company spend on new property, plant, and equipment (PPE) during 2023?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...

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