Refer to the December 2019 Annual Report of Chevron below. Using the information below Note: "Net before-tax...
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Refer to the December 2019 Annual Report of Chevron below. Usingthe information below
Note: "Net before-tax gains on asset sales and investments"include gains/losses from investment sales including marketablesecurities.
- What is the net book value of Chevron's property and equipmenton December 31, 2019?
At December31 2019 and2018
Total Current Assets 28,329 34,021
Long-term receivables, net 1,511 1,942
Investments andadvances 38,688 35,546
Properties, plant and equipment, atcost 326,722 340,244
Less: Accumulateddepreciation 176,228 171,037
Properties, plant and equipment,net 150,494 169,207
Deferred charges and otherassets 10,532 6,766
Goodwill 4,463 4,518
Assets held forsale 3,411 1,863
TotalAssets $ 237,428 $253,863
Refer to the December 2019 Annual Report of Chevron below. Usingthe information below
Note: "Net before-tax gains on asset sales and investments"include gains/losses from investment sales including marketablesecurities.
- What is the net book value of Chevron's property and equipmenton December 31, 2019?
At December31 2019 and2018
Total Current Assets 28,329 34,021
Long-term receivables, net 1,511 1,942
Investments andadvances 38,688 35,546
Properties, plant and equipment, atcost 326,722 340,244
Less: Accumulateddepreciation 176,228 171,037
Properties, plant and equipment,net 150,494 169,207
Deferred charges and otherassets 10,532 6,766
Goodwill 4,463 4,518
Assets held forsale 3,411 1,863
TotalAssets $ 237,428 $253,863
Answer & Explanation Solved by verified expert
The net book value of Chevron's property and equipment on
December 31, 2019 = $150,494
Properties, plant and equipment, at cost 326,722
Less: Accumulated depreciation 176,228
Properties, plant and equipment, net 150,494
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