Yu Corporation
Use the following Assets section of Yu Corporation's balance sheets for the years ended December 31,2013 and 2012 to answer the questions that follow.
Yu Corporation recorded depreciation expense of $344 million for 2012.
Refer to the information for Yu Corporation.
Required:
(1)Determine the book value of Yu's property,plant and equipment at December 31,2013 and 2012.
(2)What types of transaction(s)could have caused the change in book value of property,plant,and equipment during 2013?
Definitions:
Motorcycle Accident
A traffic incident involving one or more motorcycles, often leading to injury or damage.
Flex Wrist
The action of bending the wrist or moving the palm of the hand towards the forearm.
Extend Elbow
The motion of increasing the angle between the forearm and the upper arm, straightening the arm.
Radial
Pertaining to the radius bone or the radial artery, often relating to the lateral aspect of the forearm or positioning towards the radius.
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