Refer to the financial statements and related notes of the Coca-Cola Company in Appendix A of this book.
Required

1. Which depreciation method does the company use? Why do you think the company selected this method?
2. Compute the estimated average age of the property, plant, and equipment.
3. Assuming the company estimates a residual value of 10% of the cost, compute the estimated average life of the property, plant, and equipment.
4. Recreate summary journal entries to record the transactions and events that affected property, plant, and equipment during 2004.