Question I: Please refer to the annual report of Target Corporation, for fiscal year 2009, endingJanuary 30, 2010.
https://media.corporate-ir.net/media_files/irol/65/65828/AP_Hi.pdf
1. How much Depreciation and Amortization Expense did Target record in Fiscal 2009? How much was the Depreciation Expense alone (i.e. excluding Amortization)?
2. What is the GROSS VALUE of Target PP&E at the end of FY 2009? What is the NET VALUE of Target PP&E at the end of FY 2009?
3. Did Target purchase any new PP&E in FY 2009? Did they sell any?
4. What is the useful life of Target's fixtures and equipment?
5. Did Target impair any PP&E in FY 2009? If yes, provide the associated Journal Entry.
6. What depreciation method does Target use for recording PP&E financial statements? What method did they use for Tax purpose?
7. What Journal Entry did Target make in FY 2009 to record repair and maintenance expenses inFY 2009?
8. Did Target purchase any land during FY 2009? How do you know?