Norfolk Southern Corporation, one of the nation's premier transportation companies, reported the following amounts in the asset

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Norfolk Southern Corporation, one of the nation's premier transportation companies, reported the following amounts in the asset section of its balance sheets for the years ended December 31, 2015 and 2014:
Norfolk Southern Corporation, one of the nation's premier transportation companies,

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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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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