1. Does the balancein the Accumulated Depreciation-Machinery account represent funds to replace the machinerywhen it wears out? If not what does it represent?
2. Identify potential events that might lead to the disposal of a plant asset.
3. Refer to Apple's 2017/2016 Consolidated Balance Sheet in Appendix A (pg. A-2) of your text where it lists its plant assets as "Property, plant and equipment, net." What does "net" mean in this title?