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Unformatted text preview: After three years' use, however, it was
decided to recondition the truck thoroughly, including a new engine and transmission, at a C
cost of$4,000. By making this expenditure it was believed that the useful life ofthe truck
would be extended from the original estimate of four years to a total of six years. c e ----- --------- ---- THE GAP, INC.
CONSOLIDATED BALANCE SHEETS
($and shares in millions except par value) ASSETS
Cash and cash equivalents
Other current assets
Total current assets
Property and equipment, net
Other long-term assets
LIABILITIES AND STOCKHOLDERS' EQUITY
Current maturities of debt
Accrued expenses and other current liabilities
Income taxes payable
Total current liabilities
Lease incentives and other long-term liabilities
Total long-term liabilities
Commitments and contingencies (see Notes 10 and 14)
Common stock $0.05 pa...
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- Spring '14
- Financial Accounting