2018 448 $ $ NOTE L. PROPERTY, PLANT & EQUIPMENT in millions) At December 31: 2019 Land and land improvements 365 Buildings and building and leasehold improvements 9,364 Information technology equipment 18,054 Production, engineering, office and other equipment 3,721 Plant and other property-gross 31,504 9,640 17,468 4,081 31,636 Less: Accumulated depreciation 21,726 21,276 Plant and other property-net 9,778 10.359 433 Rental machines-net Totalnet 232 $ 10,010 $ 10.792 8. As at 31 December, 2019 what is the gross value, and accumulated depreciation of IBM's Plant & Other Property (ignore rental machines)? [2 points] Plant and other property-gross 31,504 Less: Accumulated depreciation 21,726 9. During the financial year 2019, assume IBM recorded the sale of one IT Equipment on 31 December 2019. a) Identify the original cost of the IT equipment sold if they purchased 1,000 ($ millions) worth of IT equipments in 2019. [3 points] EB=BB+ Purchbases - Sales 18054=17468+x-1000 Purchase price = 1586 b) What is the accumulated depreciation on the IT Equipment sold? Assume that the IT Equipment sold was the only piece of Plant & Other Property sold and the total depreciation expense related to Plant & Other Property for 2019 was 600 ($ million). [3 points) c) What was the Net Book Value on the IT Equipment Sold? How much gain did the company show on their P&L if the cash proceeds from the sale were 300 ($ million)? [2 points) 6