Question
In 2021, a firm had a property, plant, and equipment entry on their balance sheet of $1.4 billion. In 2022, the same firm reported
In 2021, a firm had a property, plant, and equipment entry on their balance sheet of $1.4 billion. In 2022, the same firm reported property, plant, and equipment of $1.6 billion. They also reported depreciation of $150 million on their income statement. What was the firm's change in gross property, plant, and equipment for the year?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
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