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Please consider theexcerpts fromBest Buy Annual Report (PDF)for fiscal year 2020 (i.e., the fiscal year ended February 1, 2020) and answer the following questions using
Please consider theexcerpts fromBest Buy Annual Report (PDF)for fiscal year 2020 (i.e., the fiscal year ended February 1, 2020) and answer the following questions using only this information.
- Best Buy has disposed of some property and equipment during fiscal year 2020. Assume that there has been no impairment over the year. What is the original acquisition cost of the property and equipment disposed of during the fiscal year 2020?
- What is the accumulated depreciation of the disposed property, plant and equipment in fiscal year 2020?
- What is the gain/loss from disposal of property, plant and equipment in fiscal year 2020 if the sale price of the disposed assets is $200 (millions)?
- If the Company recognized $100 (millions) more depreciation expense than currently recorded, how would the cash flows from operations change?
- What is the par value of each common share?
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