Canadian Tire Corporation, Limited reports the following selected information about long-lived assets at December 31, 2011 (in

Question:

Canadian Tire Corporation, Limited reports the following selected information about long-lived assets at December 31, 2011 (in millions):
Accumulated amortization-finite-life intangibles ......................... $ 1.5
Accumulated depreciation-assets under finance lease ................... 138.5
Accumulated depreciation-buildings ....................................... 1,014.8
Accumulated depreciation-fixtures and equipment ...................... 545.6
Accumulated depreciation-leasehold improvements ..................... 216.5
Assets under finance lease ..................................................... 267.4
Buildings ........................................................................ 2,589.6
Fixtures and equipment ........................................................ 826.0
Construction in progress ....................................................... 137.0
Goodwill ......................................................................... 377.6
Land (net of $1.4 of impairments) ........................................... 748.8
Leasehold improvements ....................................................... 712.5
FGL Sports finite-life intangibles ............................................. 22.4
FGL Sports indefinite-life intangibles ........................................ 316.8
Mark's Work Wearhouse indefinite-life intangibles ........................ 64.1
FGL Sports and Mark's Work Wearhouse indefinite-life intangibles include legal trademarks such as store brands and banners, as wells as franchise agreements. Finite-life intangibles include certain brands that management has assessed to have a limited life. Prepare a partial for Canadian Tire.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...