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In the fiscal year ending October 30,2022 , John Deere recognized $88 million in impairment charges related to Property, Plant, and Equipment (PP&E). Furthermore, John

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In the fiscal year ending October 30,2022 , John Deere recognized $88 million in impairment charges related to Property, Plant, and Equipment (PP&E). Furthermore, John Deere recorded proceeds from the sale of PP\&E worth $52.3 million. Ignore any income tax effects. 1. (1 point) What is the net book value of the Property, Plant and Equipment that John Deere owned at October 30,2022 ? s million 2. (2 points) What percentage of John Deere's PP\&E has been depreciated at October 30 , 2022? % 3. (2 points) What is the depreciation expense John Deere recorded for Property, Plant and Equipment in the fiscal year ending October 30,2022 ? DEERE \& COMPANY DEERE \& COMPANY CONSOLIDATED BALANCE SHEETS As of October 30,2022 and October 31, 2021 (In millions of dollars) The notes to consolidated financial statements are an integral part of this statement. 3. ACQUISIDONSAND DISPOSIDONS 14. PROPERTY AND DEPRECIATION Acquisibliss A summary of property and equipment at October 30, 2022 and October 3l, 202l in millions of dollars follows: BearFlag in August 202, the company acquired Bear Flag Robotics, Inc. (Bear Flag) to further accelerate Deere's development and delivery of advanced technology. Bear Flag's technology is complementary to other Deere technology efforts and enables autonomous tractor operations. The total cash purchase price before final adjustments, net of cash acquired of $4 million, was $225 million, The asset and liability fair values at the acquisition date in millions of dollars follow: Total property and equipment additions in 2022, 2021, and 2020 were $1197 million, $897 million, and $815 million and depreciation was $806 million, $830 mition, and $800 million, respectively. The identified intang ble was related to technology with a sevenyear amortization period. The goodwill will not be deductible for taxpurposes. 13. INVENTORIES A majority of inventory owned by Deere \& Company and its US. equipment subsidlaries are valued at cost, on the "last-in, first-out" (LIFO) basis. Remaining inventories are generally valued at the lower of cost: on the "first-in, first-out" (FiFO) basis, or net realizable value. The value of gross inventories on the LIFO basis at October 30,2022 and October 31,2021 represented 57 percent and 54 percent, respectively, of worldwide gross inventories at FiFO value. If all inventories had been valued on a FiFO basis, estimated inventories by majpr classification at October 30,2022 and October 31,2021 in millions of dollars would have been as follows: There were no accumulated goodwill impairment losses in the reported periods The components of other intangible assets are as follows in millions of dollars: In September 2017, the company acquired Blue River Technology's in-process research and development related to machine learning technology to optimize the use of farm inputs. Those research and development activities were completed, and the company started amortizing the acquired technology in 2022. Other intangible assets are stated at cost less accumulated amortization. The amortization of other intangible assets in 2022, 2021 , and 2020 was $145 million, \$116 million, and \$102 million, respectively. The estimated amortization expense for the next five years is as follows in millions of dollars

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