Hu Corporation
Use the following Assets section of Hu Corporation's balance sheets for the years ended December 31,2018 and 2017 to answer the questions that follow.

Hu Corporation recorded depreciation expense of $344 million for 2017.
-Refer to the information for Hu Corporation.
?
Required
?
(1)Determine the book value of Hu's property,plant and equipment at December 31,2018 and 2017.
?
(2)What types of transaction(s)could have caused the change in book value of property,plant,and equipment during 2018?

Question

Hu Corporation
Use the following Assets section of Hu Corporation's balance sheets for the years ended December 31,2018 and 2017 to answer the questions that follow.
​
  Hu Corporation recorded depreciation expense of $344 million for 2017.
-Refer to the information for Hu Corporation.
?
Required
?
(1)Determine the book value of Hu's property,plant and equipment at December 31,2018 and 2017.
?
(2)What types of transaction(s)could have caused the change in book value of property,plant,and equipment during 2018?

Quizplus · Accepted Answer

The Answer of Hu Corporation
Use the following Assets section of Hu Corporation's balance sheets for the years ended December 31,2018 and 2017 to answer the questions that follow.
​
  Hu Corporation recorded depreciation expense of $344 million for 2017.
-Refer to the information for Hu Corporation.
?
Required
?
(1)Determine the book value of Hu's property,plant and equipment at December 31,2018 and 2017.
?
(2)What types of transaction(s)could have caused the change in book value of property,plant,and equipment during 2018?

Hu Corporation Use the Following Assets Section of Hu Corporation's Balance Sheets