The information was taken from the 2008 annual report of Intel, a world-leading supplier to the Internet economy (dollars in millions).

a. From which of the financial statements was each figure taken?b. Estimate the cost of property, plant, and equipment sold during 2008.c. Estimate the accumulated depreciation associated with the property, plant, and equipment sold during 2008.d. Assume that the property, plant, and equipment was sold during 2008 for $100 million cash. Estimate the gain or loss recognized on the sale. On what financial statements(s) would this amount appear?

Transcribed Image Text:

2008 2007 Property, plant, and equipment Less: Accumulated depreciation Depreciation expense Investments in property, plant, and equipment S46,052 (29,134) 4,546 S 5,000 S48,088 (30,544) 4,360 S 5,197