The footnote below was taken from the 2019 annual report of Johnson & Johnson (dollars in millions).
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The footnote below was taken from the 2019 annual report of Johnson & Johnson (dollars in millions).
a. Approximately how much land did Johnson & Johnson sell during 2019? For simplicity, assume there was no land purchased during 2019.
b. Why did accumulated depreciation increase during 2019?
c. Johnson & Johnson uses the straight-line method of depreciation. If the company used an accelerated method, what effect would that decision have on the balance sheet?
d. What dollar amount appeared on Johnson & Johnson's 2019 balance sheet for property, plant, and equipment?
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