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ch 9 12 - 10 Assig nment Pr int View aw ar d 1 out of 1.00...

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1/30/2014 Assignment Print View http://ezto.mhecloud.mcgraw-hill.com/hm_accounting.tpx?todo=printview 12/17 10. aw ard: 1 out of 1.00 point The Home Depot financial statements appear in Appendix A . a.1 What depreciation method does Home Depot use for buildings, furniture, fixtures, and equipment? Straight-line method a.2 What are the useful lives over which these assets are depreciated? Buildings 5 to 45 years Furniture, fixtures and equipment 3 to 20 years b. Losses from the impairment of plant assets are recognized when the carrying amount of an asset exceeds the future cash flow expected from the use of the asset. Is the statement true or false? True c.1 Locate Home Depot's balance sheet and find the section entitled "Property and Equipment, at cost." As of January 31, 2010, determine the amount of the company's investment in property and equipment and the amount of depreciation taken to date on those assets. (Omit the "$" sign in your response.) Investment $ 37,345 million Depreciation $ 11,795 million c.2 Are these assets, taken as a whole, near the beginning or end of their estimated useful lives?
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