1 Compare the property and equipment in the balance sheet with the list in Note...

50.1K

Verified Solution

Question

Accounting

1 Compare the property and equipment in the balance sheet with the list in Note 14. What are the estimated useful lives for recording depreciation? Why
Is land not listed?
2 Which depreciation method does Target use for property and equipment for financial reporting? Which depreciation method is used for tax purposes? Why might these methods be chosen?
3 How does Target record repairs and maintence expenses?
4 How does Target account for impairment of property and Equipment? Were any impairments recorded for the year end January 302016? If So what was the amount and what were the reasons for the impairments?
5 From Notes 15 & 16 what was the amount of intangible assets for the year end January 30,2016? If so what was If So what was the amount and what were the reasons for the impairments?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students