Question: The footnote below was taken from the 2008 annual report of Johnson & Johnson (dollars in millions). a. Approximately how much did Johnson & Johnson

The footnote below was taken from the 2008 annual report of Johnson & Johnson (dollars in millions).

a. Approximately how much did Johnson & Johnson invest in land during 2008?b. Why did accumulated depreciation increase during 2008?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 2008 balance sheet for property, plant, andequipment?

2007 2008 Land and land improvements Buildings and building equipment Machinery and equipment Construction in progress S 756 7,913 14,554 3,243 S26,466 S 886 7,720 15,234 3,552 S27,392 13,027 Less accumulated depreciation 12,281 S14,185 S14,365

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