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Unformatted text preview: Depreciation 2 Property, plant and equipment, net of accumulated depreciation (Notes 8 & 9) Buildings 158,424.00 Machinery and equipment 156,156.00 Land 63,150.00 Construction in progress 22,089.00 Other 15,374.00 Total property, plant, and equipment 415,193.00 Footnote 8 contains the following: Accumulated depreciation comprises the following (yen in millions): Buildings 216,865.00 Machinery and Equipment 875,757.00 Other 86,795.00 Total accumulated depreciation 1,179,417.00 1. Compute the original acquisition cost of each of the five categories of assets listed under property, plant and equipme 2. Explain why Asahi Kasei shows no accumulated depreciation for land or construction in progress. 8-59 Depreciation 8-59 Depreciation Asahi Kasei Corporation, has sales nearly the equivalent of $9 billion U.S. dollars. The company included the following in its balance sheet (yen in millions): Footnote 2 says: "Depreciation is provided under the declining-balance method for property, plant and...
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