The following is a note accompanying a financial statement of International Paper Company: Plant, Property, and Equipment Plant, Properties, and Equipment are stated at cost lessaccumulated depreciation. For financial reporting purposes, thecompany uses the units-of-production method of depreciating itsmajor pulp and paper mills and certain wood products facilities,and the straight-line method for other plans and equipment. Annual straight-line depreciation rates for financial reportingpurposes are as follows: