DE10-15 Examine the balance sheet of The Home Depot in Exhibit 10-2 at the beginning of this
Question:
DE10-15 Examine the balance sheet of The Home Depot in Exhibit 10-2 at the beginning of this chapter. Answer these questions about the company: 1. What account title does The Home Depot use for goodwill? 2. What was the book value of The Home Depot's goodwill at January 30, 2000? What was the amount of accumulated amortization on the goodwill? What was The Home Depot's cost of its goodwill on this date? 3. One year earlier, on January 30, 1999, The Home Depot had Goodwill at a cost of $329 million, less Accumulated Amortization of $21 million, for a book value of $308 million. During the year ended January 30, 2000. The Home Depot sold no companies and thus sold none of its goodwill. Use your answer to requirement 2 to compute the cost of the goodwill The Home Depot purchased during the year ended January 30, 2000.
Step by Step Answer:
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones