Below, find a modified partial property, plant and equipment footnote text for ABC Company. Property, plant and equipment are stated at cost. Depreciation is recorded principally by the straight-line method over the estimated useful lives of the assets. No purchases or sales were made throughout the year. Depreciation is reviewed annually and has the following ranges: buildings: 40 years or less and equipment: 20 years or less. Land is not depreciated. Depreciation expense, for 2015, totaled $1,735 million.

Required: 

Examine the data and options appearing in Panels A and B of Figure A4.6 to make appropriate adjustments to the bolded, underlined text, if necessary.