The 2007 annual report of Minnesota Mining and Manufacturing (3M) included the following information (all dollar amounts

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The 2007 annual report of Minnesota Mining and Manufacturing (3M) included the following information (all dollar amounts are in millions):

The 2007 annual report of Minnesota Mining and Manufacturing (3M

1. Using only the net PP&E figures, estimate the book value of the property, plant, and equipment that was sold during the year.
2. Using the individual PP&E and accumulated depreciation accounts, estimate the gain or loss on the disposal of property, plant, and equipment during theyear.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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