P8-47 please!

Property and equipnerit, inciuding assets acquired under finance leases, is depreciated using the straight-line method over estimated useful lives or lease terms if shorter. We amortize leasehold useful lives or a term that includes the original lease term, pluse term over the shorter of the assets' certain at the date the leasehold improvements are acquired. any renewals that are reasonably 2018, and 2017 was $2,591 million, \$2,460 million, and \$2,462 million, respectively, including tion methods are generally used. Repair and maintencone tax purposes, accelerated deprecia. pre-opening costs, including supplies and payroll, are exposts are expensed as incurred. Facility We review long-lived assets for impairment when stored as incurred. or changes in circumstances-such as a decision to reloce periormance expectations, events, center, discontinue a project, or significant software changete or close a store or distribution value may not be recoverable. We recognized impairment losses of $23 million, $92 million, and $91 million during 2019, 2018, and 2017, respectively ... Impairments are recorded in Selling. General, and Administrative Expenses. REQUIRED a. Prepare journal entries to record the following for fiscal 2019: i. Depreciation expense ii. Capital expenditures iii. Disposal of property, plant, and equipment iv. Impairments and write-downs (Assume that impairments and write-downs reduce the property and equipment account, rather than increasing accumulated depreciation.) b. Estimate the amount of property and equipment that was acquired, if any, through non-cash transactions. P847. Reporting PPE Transactions and Asset Impairment Note B from the fiscal 201810 -K report of Williams-Sonoma, Inc., (February 3, 2019) follows. Its statement of cash flows reported that the company made capital expenditures of $190,102,000 during fiscal 2018, impaired assets of $9,639,000, and recorded depreciation expense of $182,533,000, excluding amortization of intangibles. In addition, the company reported a loss on the disposal of property and equipment of $570,000. Chapter B Feporting and Analyzing Long-Term Operating Assets (1) Cambridge Business Pobium cambridgeBusi From the inco Note B: Property and Equipment anen at the following: a. Compu c. Gener proxir by di We review the carrying value of all long-lived assets for impairment, primarily at a store level whenever events or changes in circumstances indicate that the carrying value of an asset may nat d. Duri be recoverable. We review for impairment all stores for which current or projected cash flows from operations are not sufficient to recover the carrying value of the assets. Impairment results when the carrying value of the assets exceeds the estimated undiscounted future cash flows over the remaining useful life. Our estimate of undiscounted future cash flows over the store lease term is based upon our experience, historical operations of the stores, and estimates of future store prof ability and economic conditions. The future estimates of store profitability and economic condtions require estimating such factors as sales growth, gross margin, employment rates, lease escala tions, inflation on operating expenses, and the overall economics of the retail industry, and they are therefore subject to variability and difficult to predict. If a long-lived asset is found to be impaired, the amount recognized for impairment is equal to the difference between the net carrying value ard the asset's fair value. REQUIRED Prepare journal entries to record the following for fiscal 2018 : a. Depreciation expense b. Capital expenditures c. Impairment of property and equipment (Assume that impairments and write-downs reduaz of. quipment account, rather than increasing accumulated depreciation.) Disposal of property and equipment ASES AND PROJECTS LO8-3, 4 C8-48. Interpreting and Reporting Property, Plant, and Equipment (PPE) Expenditures ( General Mills, Inc Nrge = bis General Mills, Inc, is a global consumer foods company. The firm manufactures and sells a bronded products Property and equipnerit, inciuding assets acquired under finance leases, is depreciated using the straight-line method over estimated useful lives or lease terms if shorter. We amortize leasehold useful lives or a term that includes the original lease term, pluse term over the shorter of the assets' certain at the date the leasehold improvements are acquired. any renewals that are reasonably 2018, and 2017 was $2,591 million, \$2,460 million, and \$2,462 million, respectively, including tion methods are generally used. Repair and maintencone tax purposes, accelerated deprecia. pre-opening costs, including supplies and payroll, are exposts are expensed as incurred. Facility We review long-lived assets for impairment when stored as incurred. or changes in circumstances-such as a decision to reloce periormance expectations, events, center, discontinue a project, or significant software changete or close a store or distribution value may not be recoverable. We recognized impairment losses of $23 million, $92 million, and $91 million during 2019, 2018, and 2017, respectively ... Impairments are recorded in Selling. General, and Administrative Expenses. REQUIRED a. Prepare journal entries to record the following for fiscal 2019: i. Depreciation expense ii. Capital expenditures iii. Disposal of property, plant, and equipment iv. Impairments and write-downs (Assume that impairments and write-downs reduce the property and equipment account, rather than increasing accumulated depreciation.) b. Estimate the amount of property and equipment that was acquired, if any, through non-cash transactions. P847. Reporting PPE Transactions and Asset Impairment Note B from the fiscal 201810 -K report of Williams-Sonoma, Inc., (February 3, 2019) follows. Its statement of cash flows reported that the company made capital expenditures of $190,102,000 during fiscal 2018, impaired assets of $9,639,000, and recorded depreciation expense of $182,533,000, excluding amortization of intangibles. In addition, the company reported a loss on the disposal of property and equipment of $570,000. Chapter B Feporting and Analyzing Long-Term Operating Assets (1) Cambridge Business Pobium cambridgeBusi From the inco Note B: Property and Equipment anen at the following: a. Compu c. Gener proxir by di We review the carrying value of all long-lived assets for impairment, primarily at a store level whenever events or changes in circumstances indicate that the carrying value of an asset may nat d. Duri be recoverable. We review for impairment all stores for which current or projected cash flows from operations are not sufficient to recover the carrying value of the assets. Impairment results when the carrying value of the assets exceeds the estimated undiscounted future cash flows over the remaining useful life. Our estimate of undiscounted future cash flows over the store lease term is based upon our experience, historical operations of the stores, and estimates of future store prof ability and economic conditions. The future estimates of store profitability and economic condtions require estimating such factors as sales growth, gross margin, employment rates, lease escala tions, inflation on operating expenses, and the overall economics of the retail industry, and they are therefore subject to variability and difficult to predict. If a long-lived asset is found to be impaired, the amount recognized for impairment is equal to the difference between the net carrying value ard the asset's fair value. REQUIRED Prepare journal entries to record the following for fiscal 2018 : a. Depreciation expense b. Capital expenditures c. Impairment of property and equipment (Assume that impairments and write-downs reduaz of. quipment account, rather than increasing accumulated depreciation.) Disposal of property and equipment ASES AND PROJECTS LO8-3, 4 C8-48. Interpreting and Reporting Property, Plant, and Equipment (PPE) Expenditures ( General Mills, Inc Nrge = bis General Mills, Inc, is a global consumer foods company. The firm manufactures and sells a bronded products