$13$

$!$

$0\mathrm{.}55$

points

eBook

References

Target Case $($Static$)($Part $2)$

$2.$ a$.$ In Note $10,$ which depreciation method does Target use for property and equipment for financial reporting?

b$.$ In Note $10,$ which depreciation method is used for tax purposes?

c$.$ Which statement is true regarding why a company might choose one of these methods?

$3.$ In Note $10,$ how does Target record repairs and maintenance expense?

$4.$ a$.$ In Note $10,$ does Target report any impairment of property and equipment for the year ended February $1,2020?$

b$.$ What was the amount of impairment of property and equipment for the year ended February $1,2020?$

c$.$ what are the reasons for the impairments?

$5.$ a$.$ From Notes $11$ and $12,$ were any impairments related to intangible assets recorded for the year ended February $1,2020?$

b$.$ What was the amount of impairment of intangible assets for the year ended February $1,2020?$

Complete this question by entering your answers in the tabs below.

Required $3$

In Note $10,$ how does Target record repairs and maintenance expense?

Basis of accountina for exDenses