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I need help with 2 answers on my accounting homework Brief Exercise 9-11 Suppose Nike, Inc. reported the following plant assets and intangible assets for
I need help with 2 answers on my accounting homework
Brief Exercise 9-11 Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $915.0; land $235.6; patents and trademarks (at cost) $513.2; machinery and equipment $2,150.8; buildings $900; goodwill (at cost) $192.3; accumulated amortization $41.7; and accumulated depreciation $2,387. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) NIKE, INC. Partial Balance Sheet As of May 31, 2014 (in millions) Property, Plant and Equipment $ Land 235.6 $ Buildings 900.0 Machinery and Equipment 2150.8 Other Plant Assets 915.0 Less : 2387.0 1578.8 Accumulated Depreciation 1814.4 Total Property, Plant and Equipment Intangible Assets Goodw ill 192.30 $ Patents and Trademarks 513.20 Less : 41.7 Accumulated Amortization Total Intangible AssetsStep by Step Solution
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