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i asked this question earlier and th person got it wrong. please help! Part a Harley-Davidsons financial statements provide the following information (in millions of

i asked this question earlier and th person got it wrong. please help!

Part a

Harley-Davidsons financial statements provide the following information (in millions of dollars):

As of Dec 31 ($ in millions) 2017 2016

Property, Plant and Equipment 3100 3000
(Less: Accumulated Depreciation) -900 -800
Property, Plant and Equipment, net 2200 2200

During 2017, Harley sold PP&E for $1,100 Million in cash. The property was originally purchased for $860 and had accumulated depreciation of $470 million. There were no asset write-offs during 2017.

How much depreciation expense did Harley record on its PP&E for the fiscal year ended 2017?

part B

How much PP&E did Harley purchase during the fiscal year ended 2017?

Part C

Suppose that because of trade issues, Harley must move much of its production to Europe. As a consequence, the value of their net PP&E falls to $500 million on January 1, 2018. What transaction would they record?

Cash + Noncash Assets - Contra Assets = Liabilities + Shareholders Equity

Part D

Suppose instead that on December 31, 2017, Harley-Davidson lengthens the depreciable lives of its PP&E by 5 years (but does not change salvage values). How would the following amounts for the fiscal year ended December 31, 2018 change as a result? For this part only, assume that Harley-Davidsons tax rate was 0.0%.

Net Income: Higher Lower The Same ?

Operating Cash Flows: Higher Lower The Same ?

Return on Equity: Higher Lower The Same ?

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