On the next page, you can find the note on Property, Plant and Equipment Assets of BPs 2006 Annual Report. Using the information provided in the note, please answer the questions below. All numbers in the questions below and in the footnote are in $ million.

How much did BP pay to purchase/develop additional Oil and Gas Properties in 2006?

Assume that BP received a total of $400 in cash from selling Oil and Gas Properties.

At the time of sale, what was the accumulated depreciation on the Oil and Gas Properties that were sold?

Calculate the total amount of gain or loss that BP recognised on these asset sales.

Property, plant and equipment

	Land and land improvements	Buildings	Oil and gas properties	Plant, machinery and equipment	Fixtures, fittings and office equipment	Transportation	Oil depots, Storage tanks and service stations	Total		Of which: assets under construction
Cost At 1 January 2006	4,576	2,835	113,474	28,780	2,247	13,266	11,235	176,413		16,115
Exchange adjustments	255	239	72	1,028	138	27	517	2,276		137
Acquisitions				16				16
Additions	81	381	11,264	2,146	841	22	918	15,653		11,560
Transfers			(628)		(1)			(629)		(9,787)
Reclassified as assets held for sale	(15)	(1)		(842)		(1)	(47)	(906)
Deletions	(455)	(325)	(5,628)	(486)	(219)	(1,314) (1,412)			(9,839) (225)
At 31 December 2006	4,442	3,129	118,554	30,642	3,006	12,000	11,211	182,984		17,800
Depreciation
At 1 January 2006	709	1,437	61,253	13,417	1,450	7,104	5,096	90,466
Exchange adjustments	15	147	54	552	107	12	154	1,041
Charge for the year	52	149	6,214	1,059	418	301	718	8,911
Impairment losses	87	5	4	98		1	9	204
Impairment reversals			(340)					(340)
Transfers			(887)		(1)			(888)
Reclassified as assets held for sale		(1)		(325)		(1)	(15)	(342)
Deletions	(188)	(267)	(5,048)	(173)	(212)	(471) (708)			(7,067)
At 31 December 2006	675	1,470	61,250	14,628	1,762	6,946	5,254	91,985
Net book amount at 31 December 2006	3,767	1,659	57,304	16,014	1,244	5,054	5,957	90,999		17,800