The following information applies to the questions displayed below.] Target Corporation prepares its financial statements...
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The following information applies to the questions displayed below.] Target Corporation prepares its financial statements according to U.S. GAAP. Targets financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material is also available under the Investor Relations link at the companys website (www.target.com). 2. a. In Note 14, which depreciation method does Target use for property and equipment for financial reporting? b. In Note 14, which depreciation method is used for tax purposes? c. Which statement is true regarding why a company might choose one of these methods? 3. In Note 14, how does Target record repairs and maintenance expenses? 4. a. In Note 14, does Target report any impairment of property and equipment for the year ended February 3, 2018? b. What was the amount of impairment of property and equipment for the year ended February 3, 2018? c. How Impairments are related to? 5. a. From Notes 15 and 16, were any impairments related to intangible assets recorded for the year ended February 3, 2018? b. What was the amount of impairment of intangible assets for the year ended February 3, 2018?
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