Access EDGAR on the Internet. The web address is SEC.ORG (Links to an external site.)Links to an external site.Search for Home Depot by putting "Home Depot" in the company name search box. Access the 10-K filing for the most recent fiscal year. (Look for the blue "Interactive Data" oval in the third column.) Then browse the Balance Sheet, Income Statement, Cash Flows and the Summary of Significant Accounting Policies in order to answer the questions below. Answer the following questions related to the company's property, plant, and equipment:
What is the original cost of Property and Equipment shown on the balance sheet for the current year? Be sure to indicate if it is in thousands, millions, etc.
The latest 10-K for Home Depot that is available on EDGAR is for the fiscal year ended January 28, 2018.
The original cost of property and equipment that is shown on the balance sheet for the current year is $41,414 (in millions). This is on a gross basis i.e. without reducing the depreciation amount.
On a net basis the amount is (i.e. after reducing the depreciation amount) $22,075 (in millions).
The table is shown below:
Land | 8,352 |
Buildings | 18,073 |
Furniture, fixtures and equipment | 11,506 |
Leasehold improvements | 1,637 |
Construction in progress | 538 |
Capital leases | 1,308 |
Property and equipment at cost (gross basis) | 41,414 |
less: accumulated depreication | 19,339 |
Net property and equipment (net basis) | 22,075 |
All figures in the above table are in $ millions.
Get Answers For Free
Most questions answered within 1 hours.