Give me answer within 45 min please I will give you upvote immediately its very urgent ....thankyou... In its 2021 annual report to shareholders, Custard Cup Inc. included the following note:Note 4 Property, Plant, and EquipmentProperty, plant, and equipment (PPE) at December 31, 2021, and December 31, 2020, consisted of the following:(In millions)2021Machinery and equipmentBuildings and improvementsOffice furniture and fixtures202024490%24237896.340Less: Accumulated depreciation and Amortization332165183157167156.Land15Construction in progress24%2419624188Depreciation 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.DantenBron

It is given that depreciation expense 26 million.

Answered: (PPE) at December 31, 2021, and…

Business

Accounting

(PPE) at December 31, 2021, and December

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Give me answer within 45 min please I will give you upvote immediately its very urgent ....thankyou...

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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