Solved: What was the gain or loss target recognized in the year, Accounting Basics

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What was the gain or loss target recognized in the year

Target Corporation, a major U.S. retailer, reported the following amounts in the asset section of its balance sheets for the years ended January 31, 2009, and February 2, 2008:

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Real World Financials
In addition, the statement of cash flows for the year ended January 31, 2009, included the following items ($ in millions):

2099_254-B-A-I-A (3312).png

Required:

What was the gain or loss Target recognized in the year ended January 31, 2009, from the sale of property and equipment?

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Accounting Basics: What was the gain or loss target recognized in the year

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Accounting Basics: What was the gain or loss target recognized in the year

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