agen.wileyplus.com/edugen/Iti/maincunJSKimmel, Financial Accounting, 8eHelp I System AnnouncementsCALCULATORPRINTER VERSIONBABrief Exercise 9-11Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 (in millions): other plant assets $945.0, land $230.0, patents and trademarks (at cost) $530.0, machinery and equ$2,200.0, buildings $960.0, goodwill (at cost) $170.0, accumulated amortization $57.0, and accumulated depreciation $2,220.0.Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)NIKE, INC.Partial Balance SheetAs of May 31, 2017(in millions)k if you would like to Show Work for this question: Open Show WorkINTERACTIVE TUTORIAIK TO TEXT%24 yplus.com/edugen/Iti/main.uniKimmel, Financial Accounting, 8eHelp | System Announcementsief Exercise 9-11uppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 (in r,200.0, buildings $960.0, goodwill (at cost) $170.0, accumulated amortization $57.0, and accumulated depreciatepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of LandNIKE, INC.Partial Balance SheetAs of May 31, 2017(in millions)%$4ck if you would like to Show Work for this question: Qpen Show WorkINK TO TEXTINTERACTIVE TUT

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Description: agen.wileyplus.com/edugen/Iti/maincunJSKimmel, Financial Accounting, 8eHelp I System AnnouncementsCALCULATORPRINTER VERSIONBABrief Exercise 9-11Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2

Partial balance sheet is an extract of balance sheet showing specific items as required by the…

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CALCULATOR PRINTER VERSION 4 BA Brief Exercise 9-11 Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 (in millions): other plant assets $945.0, land $230.0, patents and trademarks (at cost) $530.0, madchinery and eg $2,200.0, buildings $960.0, goodwill (at cost) $170.0, accumulated amortization $57.0, and accumulated depreciation $2,220.0. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) NIKE, INC. Partial Balance Sheet As of May 31, 2017 (in millions) %24

CALCULATOR PRINTER VERSION 4 BA Brief Exercise 9-11 Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 (in millions): other plant assets $945.0, land $230.0, patents and trademarks (at cost) $530.0, madchinery and eg $2,200.0, buildings $960.0, goodwill (at cost) $170.0, accumulated amortization $57.0, and accumulated depreciation $2,220.0. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) NIKE, INC. Partial Balance Sheet As of May 31, 2017 (in millions) %24

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Chapter7: Operating Assets

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At December 31, 2017, Arnold Corporation reported the following plant assets. Land $3,000,000 14,575,000 Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets $26,500,000 11,925,000 June 1 July 1 Dec. 31 40,000,000 5,000,000 During 2018, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,200,000. May 1 35,000,000 $52,575,000 Sold equipment that cost $600,000 when purchased on January 1, 2011. The equipment was sold for $170,000. Sold land for $1,600,000. The land cost $1,000,000. Purchased equipment for $1,100,000. Retired equipment that cost $700,000 when purchased on December 31, 2008. No salvage value was received. Instructions (a) Journalize the transactions. (Hint: You may wish to set up T-accounts, post beginning balances, and then post 2018 transactions.) Arnold uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and…
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