Working backward from changes in the Buildings and Equipment account. The comparative balance sheets of American Airlines show a balance in the Buildings and Equipment account at cost on December 31. Year 4, of $17,369 million; at December 31, Year 3, the balance was $16,825 million. The Accumulated Depreciation account shows a balance of $5.465 million at December 31. Year 4. and of $4,914 million at December 31, Year 3. The statement of cash flows reports that expenditures for build- ings and equipment for the year totaled $1,314 million. The income statement indi- cates a depreciation charge of $1,253 million for the year. The firm sold buildings and equipment during the year at their book value. Calculate the acquisition cost and accumulated depreciation of the buildings and equipment that were retired during the year and the proceeds from the disposition.

LO1.