Use Newell Brands, Inc.'s financial statements to answer to the following questions.   According to the footnotes, what was the initial total acquisition cost of the Property, Plant, and Equipment that Newell Brands owns as of December 31, 2020?  $  _________________     According to the footnotes, what is the total acquisition cost of Land that Newell Brands owns as of December 31, 2020? $  _________________     According to the footnotes, which of the following methods does Newell Brands use to depreciate its Property, Plant, and Equipment? (Circle one)    Straight-Line   Double-Declining-Balance   Units-of-Activity     Provide the 2020 adjusting journal entry (both accounts and amounts) that Newell Brands made to record depreciation on its Property and Equipment. Assume that Newell Brands makes one adjusting journal entry for depreciation expense at the end of each fiscal year as part of its adjusting entries.                      Does Newell Brands’ Goodwill footnote suggest that the company acquired any other companies during fiscal 2020? (Circle one)      YES                                  NO     Does Newell Brands’ Goodwill footnote suggest that the company acquired any other companies during fiscal 2019? (Circle one)    YES                                  NO     Provide the 2020 adjusting journal entry (both accounts and amounts) that Newell Brands made to record amortization on its finite-lived Intangible Assets. Assume that Newell Brands makes one adjusting journal entry for amortization expense at the end of each fiscal year as part of its adjusting entries.                   Newell Brands, Inc. Financial Statements (partial)       Consolidated Balance Sheets In millions of dollars ASSETS   As of Dec 31, 2020   As of Dec 31, 2019   Cash and cash equivalents   $ 981   $ 349   Accounts receivable, net   1,678   1,842   Inventories   1,638   1,606   Prepaid expenses and other current assets   331   313          Total current assets   $ 4,628   $ 4,110   Property, plant, and equipment, net   1,176   1,155   Goodwill   3,553   3,709   Other long-term assets   5,343   6,668          Total assets   $  14,700   $  15,642   LIABILITIES AND STOCKHOLDERS' EQUITY           Accounts payable   $   1,526   $  1,102   Wages payable   236   204   Current portion of long-term debt   466   332   Other current liabilities   1,393   1,340          Total current liabilities   3,621   2,978   Long-term debt   5,141   5,391   Other noncurrent liabilities   2,038   2,277          Total liabilities   10,800   10,646   Common stock   3,448   4,447   Retained earnings   452   549          Total stockholders' equity   3,900   4,996          Total liabilities and stockholders' equity   $  14,700    $  15,642                           Notes to Consolidated Financial Statements (partial) Footnote 1. Summary Of Significant Accounting Policies     6. Property, Plant, and Equipment Property, plant and equipment are stated at cost. Expenditures for maintenance and repairs are expensed as incurred. Depreciation expense is calculated principally on the straight-line basis. Useful lives determined by the Company are as follows: buildings and improvements (20 – 40 years) and machinery and equipment (3 – 15 years). Depreciation expense was $200 million, and $254 million in 2020, and 2019, respectively.   The following table summarizes property and equipment (in millions):     As of December 31,       2020   2019   Land   $  86    $  86   Buildings and improvements   664   641   Machinery and equipment   2,314   2,151                  Total property, plant and equipment   3,064   2,878   Accumulated depreciation   (1,888)   (1,723)                  Property, plant and equipment, net   $ 1,176   $ 1,155     7. Goodwill and Intangible Assets angible asset is below its carrying amount.   The following table reflects goodwill activity for fiscal 2020 and 2019 (in millions):   Goodwill balance as of December 31, 2018    $  3,874     Acquisitions                                                       0     Other                                                            (165) Goodwill balance as of December 31, 2019    $  3,709     Acquisitions                                                       0     Other                                                            (156) Goodwill balance as of December 31, 2020    $  3,553   Total amortization expense for intangible assets subject to amortization was $157 million and $192 million in 2020 and 2019, respectively.