Question

1. Briefly describe Target corporation

2. Where would Target corporation report plant assets on its financial statements? How are plant assets reported, and what is their value for Target corporation as the end of the year?

3. What is depreciation and how is it computed? Does Target corporation depreciate its plant assets? How do you know? What is the depreciation method used and the useful lives?

1. How is the book value of plant assets calculated? What is the net book value of Target corporation plant assets as of end of the year?
2. What type of intangibles would be included on your Target corporation financial statements and where would they be located?
3. What is goodwill? Does Target corporation report goodwill? Explain your answer.

Answer 1

1) It is an American retail corporation dealing in S&P 500 index which means it measures the stock market value of the reputed 500 companies in America.

2)(wild guess)

Plant assets of target corporation will be told on CAPITAL EXPENDITURE

3) Depreciation is the reduction in value of tangible assets due to wear and tear

4) Book value means the computed amount arrived after reducing the calculated Depreciation which is enterd in the books

5)Goodwill is either meaned as the amount spent to purchase a business against the book valued amount of assets and liabilities. Or

It is amount spend by a sole to purchase the right to use the trade name of a particular companies against Timely installments