This material is also available under the Investor Relations link at the company's website (www.target.com). Part B: Property, Plant, and Equipment (PP&E) B1.Q Referring to the balance sheet and the statement of cash flows, prepare a T-account that summarizes the transactions of total PP&E for fiscal 2017. Provide a plausible explanation for the figure needed to balance the account, if any. (Hint: be sure to also check out the supplemental (non-cash) information on the statement of cash flows.) What is Target's fixed asset turnover ratio? What is this ratio intended to measure? B1.A B2.0 B2.A B3.0 For the remaining questions in this section, also refer to Notes 14, 15, and 16. Compare the property and equipment listed on the balance sheet with the information in the Notes. What are the estimated useful lives for recording depreciation? What items from the balance sheet are not included in Note 14? Why? B3.A B4.0 Which depreciation method does Target use for property and equipment for financial reporting? What depreciation method does it use for tax purposes? B4.A This material is also available under the Investor Relations link at the company's website (www.target.com). Part B: Property, Plant, and Equipment (PP&E) B1.Q Referring to the balance sheet and the statement of cash flows, prepare a T-account that summarizes the transactions of total PP&E for fiscal 2017. Provide a plausible explanation for the figure needed to balance the account, if any. (Hint: be sure to also check out the supplemental (non-cash) information on the statement of cash flows.) What is Target's fixed asset turnover ratio? What is this ratio intended to measure? B1.A B2.0 B2.A B3.0 For the remaining questions in this section, also refer to Notes 14, 15, and 16. Compare the property and equipment listed on the balance sheet with the information in the Notes. What are the estimated useful lives for recording depreciation? What items from the balance sheet are not included in Note 14? Why? B3.A B4.0 Which depreciation method does Target use for property and equipment for financial reporting? What depreciation method does it use for tax purposes? B4.A