I need help answering all of the requirement questions

Plant Aseets, Natural Resources, and Intan APPLY YOUR KNOWLEDGE Serial Case 7-88 Larnileg tw 3 Calclate deprecistion for a new lowatkow ofacny in the L restaurant industry) Notr: This case is part of The Choesecake Facrory serial case conmainef inm every clsopter in his textbook In 2016. The Chesecake Factory Incorporated (NASDAQ: CAKE) openol its tirst New York City restaunat. The new Cheesecake Facioey is in Queens and is $ 850 quare feet and f its LI.S.rest- Rather than selling franchises, Chesecake Foctoey owns and operates all o rants, which at last count numbered moe than 200. It typically has a long-term lease for e restauran kocalion nd depreciates the cost of beilding a restaurmnt over the life of the lease Planning for this NYC Cheesecake Factory started a few years ago when the fonmer facil- ity in this location, Chiadren's Place. chowed Cheesecake Fackey officials had heen searching for a suitable location for some time and this Queens location seemed to be a goed fir. Prion to building. Cheesecake Factory had so have achitects draw up hailding plans to he approned by the ciey. ls addition, Cheesecake Factory had to obtain the City's permission so operale a sidewalk cafe. Its plans called foer cutdoor dining during good weather; large windows can be closed in times of inclement weather. The last roadblock the permit for a sidewalk cate, was granted in March 2016. Construction started soon thereafter and the restaurant officialhy opened seven months later in late October 2016 In Cheesecake Factory's Form 10-K for 21016 it indicaies that its average cost to build and equip a new resdtaurane is appeoximsely S200 per inteicr square fool. F'urishings and eqaipment would typically include booths, chairs, grills ovens, retrigeratorsplaies glasses, and the like. Leasehold imprenements could inclucke walls, floring, ceilings, windows, doors, ligha- ing, heating and coxoling systems and siaalur items. Combined, the estimaned onst of this new location is $7.965 million. For the purpose of this analysis, assume that 75 of the estimated cost covers leaschold impronements, with the remaindkr covering tumishings and equipment. The Cheesecake Factory's fiscall year end is the chowest Tuesday to December 31 each year Partial year depreciation woukl be ca welve months that the asset is in service the first year. For this analysis, estimave the salvage valot of Cheesecake Factory's plant and equipment as 10% of the original cost. t culaned based on the number of whole mcets cout of To follow are excenpts from Cheesecake Factory's 2016 Form 10-K related to its property and equipment ike orrestly rair all af our rmunists and anna opuss, for leasehold inpnre wews and furnishings. Eores and eqwipment "FF&to bd owr our resta foxw for Thr Cheesecake actory reshauronts. Sorve: Pauge BusiMESs Descriion of mests are caprtaliond wfile repairs and maintnance costs are expensed as incarved a cainaliznd com verus a repsair and mainienance expocese ineo've jantiomment by mum KOELx or deprecianiow expense tlun y derese assmywos were used Sowne Puge 39 We ancond property and sqsipmext at cost less acraulated depeciathion Inwove ments are capitalized whnle regairs ond mainienance smsts are expensed as scwred Deprectanioe and amotizanion ave calculated asing me stroighi-line netheiad over the estionatrd useful ife of the aavts or she lease term, whichever is serier Leasebold improvements include the cost of our internal development and construction depart ment. Depreciation and amortization periods are as follows: Buildings and land improvements 25 to 30 years Leasehold improvements 10 to 30 years Furnishings, fixtures and equipment 3 to 15 years -Computer software and equipment 3 to 5 years Gains and losses related to property and equipment disposals are recorded in interest and other expenses, net. (Source: Page 51, Notes to Consolidated Financial Statements) Data from the U.S. Securities and Exchange Commission EDGAR Company Filings. ..sec.gon, Requirements 1. Assume that the Cheesecake Factory paid cash for all costs of building and equipping its new restaurant in NYC. How would its assets, liabilities, and equity each be impacted by the construction and opening of this restaurant in 2016? (Ignore the impact of depreciation when answering this question.) 2. On which 2016 financial statement would you find the costs of building and equipping this 3. Which financial statement(s) would be impacted by depreciation on the new restaurant and 4. Calculate the total depreciation expense related to this new restaurant's property and new restaurant? its furniture and fixtures? equipment for: a. 2016 (assume two months of depreciation in 2016) b. 2017 5. What would the net book value of the NYC Queens restaurant's property and equipment be at the end of fiscal year 2017? Plant Aseets, Natural Resources, and Intan APPLY YOUR KNOWLEDGE Serial Case 7-88 Larnileg tw 3 Calclate deprecistion for a new lowatkow ofacny in the L restaurant industry) Notr: This case is part of The Choesecake Facrory serial case conmainef inm every clsopter in his textbook In 2016. The Chesecake Factory Incorporated (NASDAQ: CAKE) openol its tirst New York City restaunat. The new Cheesecake Facioey is in Queens and is $ 850 quare feet and f its LI.S.rest- Rather than selling franchises, Chesecake Foctoey owns and operates all o rants, which at last count numbered moe than 200. It typically has a long-term lease for e restauran kocalion nd depreciates the cost of beilding a restaurmnt over the life of the lease Planning for this NYC Cheesecake Factory started a few years ago when the fonmer facil- ity in this location, Chiadren's Place. chowed Cheesecake Fackey officials had heen searching for a suitable location for some time and this Queens location seemed to be a goed fir. Prion to building. Cheesecake Factory had so have achitects draw up hailding plans to he approned by the ciey. ls addition, Cheesecake Factory had to obtain the City's permission so operale a sidewalk cafe. Its plans called foer cutdoor dining during good weather; large windows can be closed in times of inclement weather. The last roadblock the permit for a sidewalk cate, was granted in March 2016. Construction started soon thereafter and the restaurant officialhy opened seven months later in late October 2016 In Cheesecake Factory's Form 10-K for 21016 it indicaies that its average cost to build and equip a new resdtaurane is appeoximsely S200 per inteicr square fool. F'urishings and eqaipment would typically include booths, chairs, grills ovens, retrigeratorsplaies glasses, and the like. Leasehold imprenements could inclucke walls, floring, ceilings, windows, doors, ligha- ing, heating and coxoling systems and siaalur items. Combined, the estimaned onst of this new location is $7.965 million. For the purpose of this analysis, assume that 75 of the estimated cost covers leaschold impronements, with the remaindkr covering tumishings and equipment. The Cheesecake Factory's fiscall year end is the chowest Tuesday to December 31 each year Partial year depreciation woukl be ca welve months that the asset is in service the first year. For this analysis, estimave the salvage valot of Cheesecake Factory's plant and equipment as 10% of the original cost. t culaned based on the number of whole mcets cout of To follow are excenpts from Cheesecake Factory's 2016 Form 10-K related to its property and equipment ike orrestly rair all af our rmunists and anna opuss, for leasehold inpnre wews and furnishings. Eores and eqwipment "FF&to bd owr our resta foxw for Thr Cheesecake actory reshauronts. Sorve: Pauge BusiMESs Descriion of mests are caprtaliond wfile repairs and maintnance costs are expensed as incarved a cainaliznd com verus a repsair and mainienance expocese ineo've jantiomment by mum KOELx or deprecianiow expense tlun y derese assmywos were used Sowne Puge 39 We ancond property and sqsipmext at cost less acraulated depeciathion Inwove ments are capitalized whnle regairs ond mainienance smsts are expensed as scwred Deprectanioe and amotizanion ave calculated asing me stroighi-line netheiad over the estionatrd useful ife of the aavts or she lease term, whichever is serier Leasebold improvements include the cost of our internal development and construction depart ment. Depreciation and amortization periods are as follows: Buildings and land improvements 25 to 30 years Leasehold improvements 10 to 30 years Furnishings, fixtures and equipment 3 to 15 years -Computer software and equipment 3 to 5 years Gains and losses related to property and equipment disposals are recorded in interest and other expenses, net. (Source: Page 51, Notes to Consolidated Financial Statements) Data from the U.S. Securities and Exchange Commission EDGAR Company Filings. ..sec.gon, Requirements 1. Assume that the Cheesecake Factory paid cash for all costs of building and equipping its new restaurant in NYC. How would its assets, liabilities, and equity each be impacted by the construction and opening of this restaurant in 2016? (Ignore the impact of depreciation when answering this question.) 2. On which 2016 financial statement would you find the costs of building and equipping this 3. Which financial statement(s) would be impacted by depreciation on the new restaurant and 4. Calculate the total depreciation expense related to this new restaurant's property and new restaurant? its furniture and fixtures? equipment for: a. 2016 (assume two months of depreciation in 2016) b. 2017 5. What would the net book value of the NYC Queens restaurant's property and equipment be at the end of fiscal year 2017