Hoosiers Company operates in both the beverage and entertainment industries. In August 2016, Hoosiers purchased Hawkeyes, Inc., which produces and distributes motion picture, television, and home video products and recorded music; publishes books; and operates theme parks and retail stores. The purchase resulted in $2.8 billion in goodwill. Since 2016, Hoosiers has undertaken several business acquisitions and divestitures (sales of businesses) as the company expands into the entertainment industry. Selected data from a recent annual report are as follows (amounts are in US dollars in millions):

Plant, Property, Equipment, and Intangibles From the Consolidated Balance Sheet	2018	2017
Film costs, net of amortization Artists' contracts, advances, and other entertainment assets Property, plant, equipment, net Goodwill From the Consolidated Statement of Income	$1,825 $980 $2,900 $4,900	$1,051 $868 $3,100 $4,700
Total Revenues	$12,500	$11,980
From the Notes to the Financial Statements
Accumulated depreciation on property, plant and equipment	$2,100	$1,900
Depreciation Expense	600	550

1.) Compute the historical cost of the property, plant, and equipment at the end of 2018. Explain your answer.

2). Attempt to approximate the age of the property, plant, and equipment at the end of 2018 and at the end of 2017 (assume the firm uses straight line depreciation). Show your work. Discuss the answer including why the age is or is not much different across the two years.

3). Compute the fixed asset turnover ratio for 2018 and 2017. Assume that PP&E, net, at the end of 2016 was $2,700 million. Explain your results.

4). What does the "goodwill" at the end of 2018 represent?