Find a portion of the Property, Plant, and Equipment Footnote of Shell's 2021 Annual Report. Using the
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Find a portion of the Property, Plant, and Equipment Footnote of Shell's 2021 Annual Report. Using the information provided in the note, please answer the questions below. All numbers in the questions below and the footnote are presented in $ millions. Also, currency translation differences do not need to be included in your calculations.
- How much did Shell pay to purchase/develop Manufacturing, supply, and distribution assets in 2021?
- Assume that Shell received a total of 1,200 in cash from selling Manufacturing, supply, and distribution assets and there are no asset retirements in 2021.
- At the time of sale, what was the accumulated depreciation of the Manufacturing, supply, and distribution assets that were sold?
- At the time of sale, what was the original cost of the Manufacturing, supply, and distribution assets that were sold?
- Calculate the total amount of gain or loss that the company recognized on these asset sales.
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