1. Determine the importance of the company having property, plant, and equipment as part of the long-term assets on its balance sheet. Consider the following questions to guide your response:
   1. What are the costs for determining what is included in the acquisition of property, plant, and equipment?
   2. What are the methods you can use to calculate depreciation? Which method makes the most sense for this company?
   3. Taking into account the disposal of property, plant, and equipment, what is the correct way to record a disposal?