Johnson amp johnson uses the straight-line method of, Finance Basics

Johnson amp johnson uses the straight-line method of

The footnote below was taken from the 2008 annual report of Johnson & Johnson (dollars in millions).

a. Approximately how much did Johnson & Johnson invest in land during 2008?

b. Why did accumulated depreciation increase during 2008?

c. Johnson & Johnson uses the straight-line method of depreciation. If the company used an accelerated method, what effect would that decision have on the balance sheet?

d. What dollar amount appeared on Johnson & Johnson's 2008 balance sheet for property, plant, and equipment?

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