Save-a-lot is a grocery store chain. Save-a-lot is forecasting its financial statements for Year 3. Selected financial information for Years 2 and 3 is provided in the table
In Year 3 Save-a-lot is planning to invest $600 million in CAPEX and forecasted depreciation is $903 million. What is Net PP&E (Property, Plant and Equipment) at the end of Year 3?
Selected Financial Information
Save-a-lot Inc
Dec 31, Year 2 and Year 3 ($ millions)
Year 2 Year 3
PP&E $14,456
Depreciation 923 903
CAPEX 1,329 600
A) $14,153
B) $14,250
C) $14,382
D) $14,456
E) $14,577
A
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