The Walt Disney Company shows television costs as an asset on its balance sheet. In the notes

The Walt Disney Company shows €œtelevision costs€ as an asset on its balance sheet. In the notes to its financial statements, the following television cost disclosure was made:

a. Interpret the four television cost asset categories.
b. How are these classifications similar or dissimilar to the inventory classifications used in a manufacturingfirm?

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Sept. 30, 2004 Se 30, 2003 Television costs: 893 175 292 24 $1,384 961 Released, less amortization Completed, not released In-process In development or pre-production 126 283 1,381