Saputo Inc. reported the following selected information about long-lived assets at March 31, 2015 (in millions): Accumulated
Question:
Saputo Inc. reported the following selected information about long-lived assets at March 31, 2015 (in millions):
Accumulated depreciation-buildings.....................................................................$ 218
Accumulated depreciation-furniture, machinery, and equipment............................887
Accumulated amortization-finite-life intangible assets..............................................57
Buildings.....................................................................................................................759
Furniture, machinery, and equipment......................................................................2,339
Goodwill..................................................................................................................2,125
Indefinite-life intangible assets...................................................................................318
Finite-life intangible assets.........................................................................................246
Land..............................................................................................................................66
Prepare the long-lived assets section of the statement of financial position for Saputo Inc.
Intangible AssetsAn intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...
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Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine