DuPont reported depreciation expense of $ 1,251 million on its consolidated financial statements for the period ended

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DuPont reported depreciation expense of $ 1,251 million on its consolidated financial statements for the period ended December 31, 2009. The following excerpt is taken from the company's consolidated balance sheet for the same year:
(Dollars in millions, except per share) December 31, 2009
Property, Plant and Equipment ..............................$28,915
Less: Accumulated depreciation ..............................17,821
Net property, plant, and equipment ...........................11,094
Analyze:
1. What percentage of the original cost of property, plant, and equipment was depreciated during?
2. What percentage of property, plant, and equipment cost was depreciated as of December 31, 2009?
3. If the company continued to record depreciation expense at this level each year, how many years remain until all assets would be fully depreciated?
4. What is the most recent quarterly earnings statement presented? What period does the statement cover?
5. For the most recent quarter, what depreciation expense was reported?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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College Accounting A Contemporary Approach

ISBN: 978-0073396958

2nd edition

Authors: David Haddock, John Price, Michael Farina

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