Norfolk Southern Corporation, one of the nation's premier transportation companies, reported the following amounts in the asset
Question:
In addition, information from the 2015 statement of cash flows and related notes reported the following items ($ in millions):
Depreciation .......................................... $1,059
Additions to property and equipment ............. 2,385
Sales price of property and equipment ............ 63
Required:
For what amount was the sales price above book value of property and equipment sold for the year ended December 31, 2015?
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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