Required information [The following information applies to the questions displayed beiow] Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 1, 2020, are avaliable hete. This material is also avallable under the Investor Relations link at the company's website (wwwtarget.com). 2. 3. In Note 10, which depreciation method does Target use for property and equipment for financial reporting? b. In Note 10 , which depreciation method is used for tax purposes? c. Which statement is true regarding why a company might choose one of these methods? 3. In Note 10, how does Target record repairs and maintenance expense? 4. a. In Note 10, does Target report ary impairment of property and equipment for the year ended February 1, 2020? b. What was the amount of impoirment of property and equipment for the year ended February 1,2020 ? c. what are the reasons for the impairments? 5. a. From Notes 11 and 12 , were any impairments related to intangible assets recorded for the year ended February 1,2020 ? b. What was the amount of impairment of intangible assets for the year ended February 1,2020? Answer is not complete. Complete this question by entering your answers in the tabs below. a. In Note 10, which depreciation method does Target use for property and equipment for financial reporting? b. In Note 10, which depredation method is used for tax purposes? c. Which statement is true regardina why a company miaht choose one of these metheds? Complete this question by entering your answers in the tabs below. a. In Note 10, does Target report any impairment of, Required 5 equipment for the year ended February 1 , 2020? b. What was the amount of Impaiment of property and equipment for the year ended February 1,2020 ? c. what are the reasons for the Impairments? Complete this question by entering your answers in the tabs below. a. From Notes 11 and 12, were any impairments related to intangible assets recorded for the year ended February 1 , 2020? b. What was the amount of impairment of intanglole assets for the year ended February 1, 2020? Required information [The following information applies to the questions displayed beiow] Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 1, 2020, are avaliable hete. This material is also avallable under the Investor Relations link at the company's website (wwwtarget.com). 2. 3. In Note 10, which depreciation method does Target use for property and equipment for financial reporting? b. In Note 10 , which depreciation method is used for tax purposes? c. Which statement is true regarding why a company might choose one of these methods? 3. In Note 10, how does Target record repairs and maintenance expense? 4. a. In Note 10, does Target report ary impairment of property and equipment for the year ended February 1, 2020? b. What was the amount of impoirment of property and equipment for the year ended February 1,2020 ? c. what are the reasons for the impairments? 5. a. From Notes 11 and 12 , were any impairments related to intangible assets recorded for the year ended February 1,2020 ? b. What was the amount of impairment of intangible assets for the year ended February 1,2020? Answer is not complete. Complete this question by entering your answers in the tabs below. a. In Note 10, which depreciation method does Target use for property and equipment for financial reporting? b. In Note 10, which depredation method is used for tax purposes? c. Which statement is true regardina why a company miaht choose one of these metheds? Complete this question by entering your answers in the tabs below. a. In Note 10, does Target report any impairment of, Required 5 equipment for the year ended February 1 , 2020? b. What was the amount of Impaiment of property and equipment for the year ended February 1,2020 ? c. what are the reasons for the Impairments? Complete this question by entering your answers in the tabs below. a. From Notes 11 and 12, were any impairments related to intangible assets recorded for the year ended February 1 , 2020? b. What was the amount of impairment of intanglole assets for the year ended February 1, 2020
