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Refer to the financial statements of Lowe's Companies, Incorporated in Appendix B. (Note: Fiscal 2019 for Lowe's runs from February 2, 2019, to January
Refer to the financial statements of Lowe's Companies, Incorporated in Appendix B. (Note: Fiscal 2019 for Lowe's runs from February 2, 2019, to January 31, 2020.) Required: 1. The total cost of Property is $35,945 (million) at January 31, 2020. Use this information, along with other data reported on the balance sheet, to determine the amount of Accumulated Depreciation at January 31, 2020. What percentage is this of the total cost of property? O $17,276 (million); 48.1% O $54,614 (million); 151.9% O $18.432 (million): 51.3% $1,262 (million), 3.5% 2. What amount of Depreciation and Amortization Expense was reported for the year ended January 31, 2020? What percentage of net sales is it? O $1,404 (million); 2.1% $1,262 (million); 29.5% O $1.262 (million); 1.7%
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