(PPE) at December 31, 2021, and December
Chapter1: Financial Statements And Business Decisions
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
Transcribed Image Text:In its 2021 annual report to shareholders, Custard Cup Inc. included the following note:
Note 4 Property, Plant, and Equipment
Property, plant, and equipment (PPE) at December 31, 2021, and December 31, 2020, consisted of the following:
(In millions)
2021
Machinery and equipment
Buildings and improvements
Office furniture and fixtures
2020
244
90
%24
237
89
6.
340
Less: Accumulated depreciation and Amortization
332
165
183
157
167
15
6.
Land
15
Construction in progress
24
%24
196
24
188
Depreciation expense for property, plant and equipment was $26 million in 2021.
Required:
Compute the accumulated depreciation on PPE disposed of by Custard Cup during 2021.
Danten
Bron
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