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Refer to the financial statements of The Home Depot in Appendix A.(Note: Fiscal 2019 for...

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Accounting

Refer to the financial statements of The Home Depot in Appendix A.(Note: Fiscal 2019 for The Home Depot runs from February 4,
2019, to February 2,2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the
2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The
Home Depot explains its choice of fiscal period in Note 1 to its financial statements.)
Required:
The total cost of Property and Equipment is $44,860(million) at February 2,2020. Use this information, along with other data
reported on the balance sheet, to determine the amount of "Accumulated Depreciation and Amortization" at February 2,2020. What
percentage is this of the total cost of property and equipment?
$67,630(million); 150.8%
$22,090(million); 49.2%
$22,375(million); 49.9%
$1,989(million); 4.4%
What amount of Depreciation and Amortization Expense was reported for the year ended February 2,2020? What percentage of
net sales is it?
$1,989(million); 1.8%
$1,989(million); 17.7%
$22,770(million); 20.7%
$1,989(million); 4.4%
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