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Examine Round Rock's assets. (Click the icon to view the balance sheet.) Answer these questions about the company: 1. What is Round Rock's largest category
Examine Round Rock's assets. (Click the icon to view the balance sheet.) Answer these questions about the company: 1. What is Round Rock's largest category of assets? List all 207 assets in the largest category and their amounts as reported by Round Rock. 2. What was Round Rock's cost of property and equipment at May 31,207 ? What was the book value of property and equipment on this date? Why is book value less than cost? 1. What is Round Rock's largest category of assets? List all 207 assets in the largest category and their amounts as reported by Round Rock. Round Rock's largest category of assets is List all the assets that are in the largest category, and then their amounts that are reported for 20X7. (Enter amounts in millions.) 2. What was Round Rock's cost of property and equipment at May 31, 20X7? What was the book value of property and equipment on this date? Why is book value less than cost? (Enter amounts in millions.) Round Rock's cost of property and equipment at May 31,207 is $ millions.) Round Rock's cost of property and equipment at May 31,207 is 9 The book value of property and equipment at May 31,207 is $. Book value is less than cost because is cost to compute book value. Round Rock Corporation Consolidated Balance Sheets (Partial, Adapted)
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