Question

The footnote below was taken from the 2012 annual report of Johnson & Johnson (dollars in millions).


a. Approximately how much did Johnson & Johnson invest in land during 2012?
b. Why did accumulated depreciation increase during 2012?
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 2012 balance sheet for property, plant, and equipment?


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  • CreatedAugust 19, 2014
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