Question

At the end of 2017 the original cost (i.e., before depreciation) of IBM “property, plant and...

At the end of 2017 the original cost (i.e., before depreciation) of IBM “property, plant and equipment” (PPE) was $32,331. At the end of 2018 the original cost was $32,460. What was the original cost of the PPE that IBM sold during 2018.

2018 2017 2016
Depreciation 3127 3021 2837
Payment for Property, Plant and Equipment (3395) (3229) (3567)
Proceeds from disposition of Property, Plant and Equipment 248 460 424

Homework Answers

Answer #1
Remarks Particulars amount
a Cost at end of 2017           32,331
b Purchase in 2018             3,395
c= a+b Closing balance if no other transaction           35,726
d Actual original cost           32,460
e=c-d Original cost of equipments sold             3,266
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