The Katash Company is a leader in the poultry market. It produces, sells and markets fresh and

ice packed commodity chicken, and other frozen products, known for their value and healthful

qualities. Katashs balance sheet for the fiscal year ended on December and

disclosed the following:

Property plant and equipment at cost $ $

Less Accumulated depreciation $ $

$ $

In the income statement for Katash disclosed the following:

Depreciation expense $

In the cash flow statement for under Cash Flow from Investing Activities, Katash provided

the following information:

Additions to property, plant and equipment $

Proceeds from dispositions of property, plant and equipment $

Required:

a What was the cost of property, plant and equipment purchased in

b What was the net book value of property, plant and equipment disposed of during

c Did Katash generate a gain or a loss on the disposition of PP&E How much?

d Katash calculates depreciation primarily using the straightline method. Assuming the

average life of all of Katashs assets is years, what was the average age of the property,

plant and equipment disposed of in