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In: Accounting

Refer to the December 2019 Annual Report of Chevron below. Using the information below Note: "Net...

Refer to the December 2019 Annual Report of Chevron below. Using the information below

Note: "Net before-tax gains on asset sales and investments" include gains/losses from investment sales including marketable securities.

What is the net book value of Chevron's property and equipment on December 31, 2019?

At December 31 2019 and 2018

Total Current Assets 28,329 34,021

Long-term receivables, net 1,511 1,942

Investments and advances 38,688 35,546

Properties, plant and equipment, at cost 326,722 340,244

Less: Accumulated depreciation 176,228 171,037

Properties, plant and equipment, net 150,494 169,207

Deferred charges and other assets 10,532 6,766

Goodwill 4,463 4,518

Assets held for sale 3,411 1,863

Total Assets $ 237,428 $ 253,863

Expert Solution

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

ekkarill92 answered 9 months ago

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