Use Walmart, Inc.'s financial statements to answer to the following questions. 1. According to the footnotes, what was the total acquisition cost of the Property, Plant, and Equipment that Walmart owns as of January 31, 2022? (1 point) $ _________________ 2. According to the footnotes, what is the total acquisition cost of Land that Walmart owns as of January 31, 2022? (1 point) $ _________________ 3. According to the footnotes, which of the following methods does Walmart use to depreciate its Property, Plant, and Equipment? (Circle one) (1 point) Straight-Line Double-Declining- Balance Units-of-Activity 4. Provide the fiscal year 2022 adjusting journal entry (both accounts and amounts) that Walmart made to record depreciation on its Property and Equipment. Assume that Walmart makes one adjusting journal entry for depreciation expense at the end of each fiscal year as part of its adjusting entries. (3 points) 5. Does Walmarts Goodwill footnote suggest that the company acquired any other companies during fiscal year 2022? (Circle one) (1 point) YES NO 6. Does Walmarts Goodwill footnote suggest that the company acquired any other companies during fiscal year 2021? (Circle one) (1 point) YES NO 7. Provide the fiscal year 2022 adjusting journal entry (both accounts and amounts) that Walmart made to record amortization on its finite-lived Intangible Assets. Assume that Walmart makes one adjusting journal entry for amortization expense at the end of each fiscal year as part of its adjusting entries. (3 points) 4

Walmart, Inc. Financial Statements (partial) Consolidated Balance Sheets In millions of dollars ASSETS As of Jan 31, 2022 As of Jan 31, 2021 Cash and cash equivalents $ 14,760 $ 17,741 Accounts receivable, net 8,280 6,516 Inventories 56,511 44,949 Prepaid expenses and other current assets 1,519 20,861 Total current assets $ 81,070 $ 90,067 Property, plant, and equipment, net 94,515 92,201 Goodwill 29,014 28,983 Other long-term assets 40,261 41,245 Total assets $ 244,860 $ 252,496 LIABILITIES AND STOCKHOLDERS EQUITY Short-term borrowings $ 410 $ 224 Accounts payable 55,261 49,141 Accrued liabilities 26,060 37,966 Accrued income taxes 851 242 Current portion of long-term debt 2,803 3,115 Other current liabilities 1,994 1,957 Total current liabilities 87,379 92,645 Long-term debt 34,864 41,194 Other long-term liabilities 30,726 31,126 Total liabilities 152,969 164,965 Common stock 5,115 3,928 Retained earnings 86,776 83,603 Total stockholders' equity 91,891 87,531 Total liabilities and stockholders' equity $ 244,860 $ 252,496 5

Notes to Consolidated Financial Statements (partial) Footnote 1. Summary of Significant Accounting Policies 1.1 About Business Walmart Inc. ("Walmart" or the "Company") helps people around the world save money and live better anytime and anywhere by providing the opportunity to shop in both retail stores and through eCommerce. Through innovation, the Company is striving to continuously improve a customer-centric experience that seamlessly integrates eCommerce and retail stores in an omni-channel offering that saves time for its customers. Each week, the Company serves over 230 million customers who visit approximately 10,500 stores and numerous eCommerce websites under 46 banners in 24 countries. The Company's operations comprise three reportable segments: Walmart U.S., Walmart International and Sam's Club. 1.2 Fiscal Year The companys fiscal year ends on January 31. Our discussion is as of and for the fiscal years ended January 31, 2022 ("fiscal 2022"), January 31, 2021 ("fiscal 2021") and January 31, 2020 ("fiscal 2020"). 1.8 Property, Plant, and Equipment Property and equipment are initially recorded at cost. Gains or losses on disposition are recognized as earned or incurred. Costs of major improvements are capitalized, while costs of normal repairs and maintenance are expensed as incurred. The Company depreciates the assets on a straight-line basis over the following ranges: buildings and improvements between 3 and 40 years, fixtures and equipment between 1 and 30 years, transportation equipment between 3 and 15 years. Depreciation expense totaled $9,355 million and $9,482 million in fiscal years 2022 and 2021, respectively. The following table summarizes property and equipment (in millions): As of January 31, 2022 2021 Land $ 19,204 $ 19,308 Buildings and improvements 100,376 97,582 Fixtures and equipment 60,282 56,639 Transportation equipment 2,263 2,301 Construction in progress 7,199 4,741 Total property, plant and equipment 189,324 180,571 Accumulated depreciation (94,809) (88,370) Property, plant and equipment, net $ 94,515 $ 92,201 1.11 Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations and is allocated to the appropriate reporting unit when acquired. Other acquired intangible assets are stated at the fair value acquired. Goodwill and indefinite-lived intangible assets are not amortized; rather, they are evaluated for impairment annually and whenever events or changes in circumstances indicate that the value of the asset may be impaired. Definite-lived intangible assets are considered long-lived assets and are amortized on a straight-line basis over the periods that expected economic benefits will be provided. The following table reflects goodwill activity for fiscal 2022 and 2021 (in millions): Goodwill balance as of February 1, 2020 $ 31,073 Acquisitions 111 Other (2,201) Goodwill balance as of January 31, 2021 $ 28,983 Acquisitions 446 Other (415) Goodwill balance as of January 31, 2022 $ 29,014 Total amortization expense for intangible assets subject to amortization was $1,303 million and $1,670 million in fiscal year 2022 and 2021, respectively.