The following is a note accompanying a financial statement of International Pape
ID: 2504256 • Letter: T
Question
The following is a note accompanying a financial statement of International Paper Company:
Plant, Property, and Equipment
Plant, Properties, and Equipment are stated at cost lessaccumulated depreciation. For financial reporting purposes, thecompany uses the units-of-production method of depreciating itsmajor pulp and paper mills and certain wood products facilities,and the straight-line method for other plans and equipment.
Annual straight-line depreciation rates for financial reportingpurposes are as follows:
The following is a note accompanying a financial statement of International Paper Company:
Plant, Property, and Equipment
Plant, Properties, and Equipment are stated at cost lessaccumulated depreciation. For financial reporting purposes, thecompany uses the units-of-production method of depreciating itsmajor pulp and paper mills and certain wood products facilities,and the straight-line method for other plans and equipment.
Annual straight-line depreciation rates for financial reportingpurposes are as follows:
Explanation / Answer
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