The following information comes from The Home Depot Annual Report:

Requirements
1. Can you tell how much The Home Depot paid for the buildings it owns? If so, how do you know?
2. Can you tell how much the buildings are worth (the market value)?
3. Explain what you think is included in each category of Property and Equipment.
4. The Home Depot says it spent less for capital expenditures in fiscal 2008 (FYE February 1, 2009) than it did in fiscal 2007 (FYE February 3, 2008). Is this supported by any of the information given here?

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Information from the Balance Sheet of The Home Depot: (dollars in millions) At February 1, 2009 At February 3, 2008 Property and Equipment Land Buildings Furniture, fixtures, and equipment Leasehold improvements Construction in progress Other $ 8,301 16,961 8,741 1,359 625 490 8,398 16,642 8,050 1,390 1,435 497 36,412 8,936 $27,476 36,477 10,243 $26,234 Less: accumulated depreciation and amortization Net property and equipment