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?

Transcribed Image Text:

2019 2018 Land and land improvements $ 854 $ 807 Buildings and building equipment 11,877 11,176 Machinery and equipment 26,964 25,992 Construction in progress 3,637 3,876 $43,332 $41,851 Less accumulated depreciation 25,674 24,816 $17,658 $17,035