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Refer to Targets Balance Sheet for the years ended in February 3, 2018 and January...

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Accounting

Refer to Targets Balance Sheet for the years ended in February 3, 2018 and January 28, 2017. Based on the amounts reported for the accumulated depreciation, and assuming no depreciable assets were sold during the year, prepare an adjusting entry to record Targets's depreciation for the year. (Included is a screenshot of their balance sheet) image

February 3, 2018 January 28, 2017 2,643 $ 8,657 1,264 12,564 2,512 8,309 1.169 11,990 (millions, except footnotes) Assets Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Other noncurrent assets Total assets 6,095 28,396 5,623 2,645 440 (18,181) 25,018 1,417 38,999 $ 6,106 27,611 5,503 2,651 200 (17,413) 24,658 783 37,431 $

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