Question
Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosures notes for the year ended February 3, 2019 (2018 annual
Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosures notes for the year ended February 3, 2019 (2018 annual report) are available by clicking on the link below.
Target Corporation 2018 annual report (Links to an external site.)
For these questions, you are not allowed to quote directly from the annual report. You must summarize in your own words. Cite the the notes to the financial statements from which you get your information.
In the notes to the financial statements, which depreciation method does Target use for property and equipment for financial reporting? Which depreciation method is used for tax purposes? Why might these methods be chosen?
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