Depreciation Asahi Kasel Corporation, has sales nearly the equivalent of $9 billion U.S. dollars. The company included the following in its balance sheet (yen in millions): Property, plant and equipment, net of accumulated depreciation (Notes 8 & 9) Buildings 158,424 Machinery and equipment 156,156 Land 63,150 Construction in progress 22,089 Other 15,374 Total property, plant, and equipment 415,193 Footnote 8 contains the following: Accumulated depreciation comprises the following (yen in millions): Buildings Machinery and equipment Other 216,865 875,757 86,795 Total accumulated depreciation 1,179,417 Footnote 2 says: "Depreciation is provided under the declining-balance method for property, plant, and equipment, except for buildings which are depreciated using the straight-line method, at rates based on estimated useful lives of the assets, principally, ranging from five years up to sixty years for buildings and from four years up to twenty-two years for machinery and equipment." 1. Compute the original acquisition cost of each of the five categories of assets listed under property, plant, and equipment. 2. Explain why Asahi Kasei shows no accumulated depreciation for land or construction in progress. 3. Suppose Asahi Kasei had used straight-line instead of declining-balance depreciation for all asset categories. How would this affect the preceding values shown for property, plant, and equipment?