The property and equipment footnote from the Deere & Company balance sheet follows ($ millions): PROPERTY AND

Question:

The property and equipment footnote from the Deere & Company balance sheet follows ($ millions):

PROPERTY AND DEPRECIATION:

A summary of property and equipment at October 28, 2018, in millions of dollars follows:

During 2018, the company reported $7S4 million of depreciation expense.

Estimate the percent depreciated of Deere's depreciable assets. How do you interpret this figure?

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Financial Accounting

ISBN: 9781618531650

5th Edition

Authors: Michelle Hanlon, Robert Magee, Glenn Pfeiffer, Thomas Dyckman

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Question Posted: Oct 20, 2021 08:52 AM

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The property and equipment footnote from the Deere & Company balance sheet follows ($ millions): PROPERTY AND

Question:

2018 $ 283 3,848 5,570 1,564 Land..... Buildings and building equipment. Machinery and equipment .... Dies, patterns, tools, etc. . All other ..... Construction in progress.. 1,032 619 Total at cost. .. 12,916 Less accumulated depreciation 7,095 Property and equipment-net.. $ 5,821

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Percent depreciated Accumulated depreciation Asset cost ...View the full answer

Financial Accounting

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