Examine Riverside's assets as follows: (Click the icon to view the balance sheet.) Requirements 1. What is Riverside's largest category of assets? List all 2020 assets in the largest category and their amounts as reported by Riverside. 2. What was Riverside's cost of property and equipment at May 31, 2020? What was the carrying amount of property and equipment on this date? Why is carrying amount less than cost? Requirement 1. What is Riverside's largest category of assets? List all 2020 assets in the largest category and their amounts as reported by Riverside. Riverside's largest category of assets is List all the assets that are in the largest category and then their amounts as reported for 2020. (Enter amounts in millions.) Millions Total cost Less: Requirement 2. What was Riverside's cost of property and equipment at May 31, 2020? What was the carrying amount of property and equipment on this date? Why is carrying amount less than cost? Riverside's cost of property and equipment at May 31, 2020 was $ The carrying amount of property and equipment at May 31, 2020 was S Carrying amount is less than cost because l cost to compute carrying amount ccounting Balance sheet Riverside Corporation Consolidated Balance Sheets (Partial, Adapted) Ke - inte Xpc repo May 31, rty an 2020 2019 (in millions) 1 Assets 2 Current assets 3 Cash and cash equivalents $ 2,088 $ 257 4 Receivables, less allowances of $144 and $125 2,770 2,623 5 Spare parts, supplies, and fuel 4,653 4,509 6 467 423 Prepaid expenses and other Print Done Tim Accounting Balance sheet 9,978 7,812 -X 7 Total current assets 8 Property and equipment, at cost rep 9 Aircraft 2,392 2,392 rty 10 Package handling and ground support equipment 12,229 12,132 11 Computer and electronic equipment 28,159 26,102 12 Vehicles 581 452 1,432 1,589 13 Facilities and other 14 Total cost 44,793 42,667 15 Less: Accumulated depreciation (14,900) (12,944) 29,893 29,723 16 Net property and equipment Print Done ory Bookmarks Profiles Tab Window Help .aspx?testid=247594983¢erwin-yes nancial Accounting Balance sheet zoom 6.25 GB 29% 1 Quiz #6 Exami 1,432 1,589 13 Facilities and other 14 Total cost Requi 1. W 15 Less: Accumulated depreciation 44,793 42,667 (14,900) (12,944) 2. W 29,893 29,723 16 Net property and equipment. a 17 Other long-term assets 18 Goodwill 19 Prepaid pension cost 20 Intangible and other assets 722 722 1,340 1,271 329 333 2,391 2,326 21 Total other long-term assets To 22 Total assets Print Done $ 42,262 $ 39,861 Kennedy Kim - int(s) possible Xpoint(s) poss reported by Riv rty and equipme Time Rems