Eastman Chemical Company disclosed the following in its 1997 annual report www.eastman.com

(in millions):

Dec. 31, 1997 Properties at Cost Balance at beginning of year $7,530 Additions 749 Deductions (175)
Balance at end of year $8,104 Accumulated Depreciation Balance at beginning of year $4,010 Provision for depreciation 327 Deductions (114)
Balance at end of year $4,223 Cash Flow Statement 1997 Proceeds from sales of assets $ 20 Required: (1) Using T-accounts, re-create the transactions that affected Properties and Accumulated Depreciation during 1997.Assume that all acquisitions and sales of property, plant, and equipment were cash transactions.
(2) If Eastman Chemical Company used a longer estimated life, explain whether its gain or loss on the sale of property, plant, and equipment would be larger or smaller.