Question

A recent annual report for Eastman Kodak reported that the cost of property, plant, and equipment at the end of the current year was $5,485 million. At the end of the previous year, it had been $6,022 million.
During the current year, the company bought $128 million worth of new equipment. The balance of accumulated depreciation at the end of the current year was $4,590 million; at the end of the previous year it was $4,985 million. Depreciation expense for the current year was $253 million. The company reported an $80 million gain on the disposition of property, plant, and equipment.

Required:
What amount of proceeds did Eastman Kodak receive when it sold property, plant, and equipment during the current year?



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  • CreatedJuly 01, 2014
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