Question: Please use the Johnson and Johnson 2016 annual report to answer the following. Link is below. https://jnj.brightspotcdn.com/88/3f/b666368546bcab9fd520594a6016/2017-0310-ar-bookmarked.pdf 1) What is the net balance (carrying value)

Please use the Johnson and Johnson 2016 annual report to answer the following. Link is below.

https://jnj.brightspotcdn.com/88/3f/b666368546bcab9fd520594a6016/2017-0310-ar-bookmarked.pdf

1) What is the net balance (carrying value) of PP&E at 12/31/16 and 12/31/15?

2) What is the gross balance of Machinery & Equipment at 12/31/16 and 12/31/15?

3) What dollar amount was added to PP&E in 2016, 2015, and 2014?

4) What method does Johnson & Johnson use to depreciate PP&E?

5) What useful life does Johnson & Johnson use for buildings and building equipment?

6) Does the company review long-lived assets to assess recoverability? If so, what method do they use?

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