$10\mathrm{.}10$ Projecting Property, Plant, and Equipment. Intel is a global leader in

$[010-2$

manufacturing microprocessors, which is very capital$-$intensive. The production processes in microprocessor manufacturing require sophisticated technology, and the technology changes rapidly, particularly with each new generation of microprocessor. As a consequence, production and manufacturing assets in the microprocessor industry tend to have relatively short useful lives. Assume the

CHAPTER $10$ Forecasting Financial Statements

following hypothetical information relates to Intel's property, plant, and equipment for $2021$ and $2022$:

$\backslash$table$[[$Intel $($amounts in millions$),2021,2022$