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SO 9.5 Illustrate how long-lived assets are reported in the financial statements. 'Prepare the long-lived assets section of the statement of financial position. (List Property,

SO 9.5 Illustrate how long-lived assets are reported in the financial statements.

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'Prepare the long-lived assets section of the statement of financial position. (List Property, plant and equipment in order of land, buildings, fixtures and equipment and leasehold improvements. Enter all amounts (in millions).)

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Exercise 9-11 (Part Level Submission) Reitmans (Canada) Limited reported the following selected information as at February 2, 2013 (in thousands) Accumulated depreciation-buildings Accumulated depreciation-fixtures and equipment Accumulated depreciation-leasehold improvements Accumulated amortization-software Amortization expense Buildings Depreciation expense Fixtures and equipment Goodwill Land Impairment loss Leasehold improvements Operating leases Reversal of impairment los:s Software (intangible assets) Trademarks 22,467 85,936 101,961 10,191 5,080 53,149 53,047 166,756 42,426 5,860 2,128 189,730 494,752 600 28,916 499

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