Reference no: EM132490557
1. Refer to the December 2019 Annual Report of Chevron below. Using the information in the balance sheet and cash flow statement provided, please answer this question and the next 4.
Note: "Net before-tax gains on asset sales and investments" include gains/losses from investment sales including marketable securities.
Question 1: What is the net book value of Chevron's property and equipment on December 31, 2019?
Question 2: What is the amount of additions to property and equipment account during fiscal year ended December 31, 2019? (Assume that all property and equipment additions are paid in cash.)
Question 3: Chevron has disposed of some property and equipment during fiscal year ended December 31, 2019. The sale price of the disposed assets was fully collected by the end of the fiscal year. Assume that there has been no asset impairment over the year. What was the original acquisition cost of the property and equipment disposed of during the fiscal year ended December 31, 2019?
Question 4: What was the amount of accumulated depreciation associated with the property and equipment disposed of during the fiscal year ended December 31, 2019?
Question 5: What was the sale price of the disposed property and equipment in fiscal year 2019?
Attachment:- depreciation.zip
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