Exercise 2- The composition of property, plant and equipment: Below is information on the property and equipment of Amazon.com, Inc. for the year ended December 31, 2017: Amount (in millions) 12/31/2016 $22,730 19,967 30,050 21,838 2,002 9,372 139 131 17 Cost of Accumulated depreciation (12/31/2016 Cost of Accumulated depreciation (12/31/2017 and equi and equi 12/31/2017 ciation ex in 2017 Capital expenditures in 2017 Cost of Accumulated depreciation of Cash received or y and equip t sold in 2017 and equip t sold in 2017 sold in 2017 Some numbers have been changed for the purpose of this exercise. Required (a) Record the journal entry for the disposal of property and equipment during 2017 (b) Compute the amount of property and equipment that Amazon.com wrote-off in 2017. Remember that write-offs only affect the cost of property and equipment. Useful formulas for this question (and in general): Composition of end-of-period gross PP&E balance: Beginning-of-period gross PP&E (cost PP&E purchases (Capex Write-offs due to impairment End-of period gross PP&E (cost) Composition of end-of-period accumulated depreciation balance: Begi nning-of-period accumulated depreciation preciation Current period de Accumulated depreciation of di assets End-of-period accumulated depreciation