International Accour International Accounting 6 Saved Help Save & Exlt 6 Check Exercise 8-25 Accounting for plant assets under IFRS LO C2, P1, P2 10 points Volkswagen Group reported the following information for property. plant, and equipment, along with additions, disposals, depreciation, and impairments for a recent year-end (euros in millions). Property, plant, and equipment, net Additione to property, plant, and equipment Disposals of property, plant, and equipment Depreciation on property, plant, and equipment Impairments to property, plant, and equipment eBook 46,169 11,560 2,430 7,509 243 Hint 1. Prepare Volkswagen's journal entry to record depreciation. (Enter your answers in millions of euros.) View transaction list Journal entry worksheet Record the year-end adjusting entry for the depreciation expense of the plant assets. Note: Enter debits before credits. 6 of 10 6 View transaction list Journal entry worksheet 10 points Record the year-end adjusting entry for the depreciation expense of the plant assets. eBook Hint References Note: Enter debits before credits. Tra General Journal Debit Record entry Clear entry View general journal Rev 6 of 10//Next Help Save & 6 Che 2. Prepare Volkswagen's journal entry to record additions assuming they are paid in cash and are treated as "betterments (improvements)" to the assets. (Enter your answers in millions of euros.) nts View transaction list eBook Hint Journal entry worksheet Record the additions assuming they are paild in cash and are treated as betterments (improvements) to the assets. Note: Enter debits before credits. Transaction General Journal Debit Credit Rrev 6of 10AE:.. //Next nternational Help Save & Exit Subn Check my work 6 3. Prepare Volkswagen's journal entry to record 2,430 in disposals assuming it recelives 720 cash in return and the accumulated depreciation on the disposed assets totals 1195. (Enter your answers in millions of euros.) View transaction list oints Journal entry worksheet eBook Hint References Record the disposal of the asset for 720 cash Note: Enter debits before credits General Journal Debit Credit View general journal Record entry Clear entry Record entry Clear entry View general journal 4. Volkswagen reports 143 of impairments. Do these impairments increase or decrease the Property, plant and equipment account? O Decrease O Increase