Please review the answers:

I am just giving more information to the tutor because the answers provided do no make sense.

The answers suggest on top of mine, do not make sense. Check page 44.

Depreciation expense for 2019, 2018, and 2017 was $2,591 million, $2,460 million, and $2,462 million, respectively, including depreciation expense, included in Cost of Sales.

https://investors.target.com/static-files/f3ac06a7-c251-42ad-8888-4977acd43a0c

Go to the link on the left menu Target In

You will see the 10-K report.

Once there, scroll to table of contents:

Select Item 8 financial statements.

Note 10

Find

1.Which depreciation method does Target use:

a.Property and equipment, including assets acquired under finance leases, is depreciated using straight-line method.

b.For income tax purposes, accelerated depreciation methods are generally used.

2.What was the amount of depreciation for year ending February 2020 = $2,604 million

Go to Statement of Cash Flows

Under heading Investing Activities

3. How much did Target add to the property plant & equipment during the year?Look at expenditures in the Investing Section on the Statement of Cash Flows. Spending money to add property plant & equipment is a negative number.

$3,027 million - Using the investment activities of the cash flow statement on page 38 Amount Invested in the Property and equipment (2019).

4.Did Target record any proceeds from the disposal of property plant & equipment?

63 million - It can be seen that there is a line item "Proceeds from disposal of property and Equipment" - Using the investment activities of the cash flow statement at page 38.

Thus, the firm received $63 million from the disposal of plants and equipment.