Chapter 10, Problem 10.1FSC

To determine

(1) To determine:

Depreciation method to be used by Target Corporation for reporting and depreciation method to use to reduce income taxes.

To determine

(2) To determine:

Amount of depreciation and amortization expense recorded by the target Corporation for the year ending January 30, 2016

To determine

(3) To determine:

Purchase property, plant and equipment during the year ending January 30, 2016

To determine

(4) To determine:

Cash flows from the sale of property, plant and equipment

To determine

(5) To determine:

Accumulated depreciation at January 30, 2016 and net book value for property, plant and equipment for Target as of January 31, 2016

To determine

(6) To determine:

Target asset turnover ratio for year ending January 30, 2016. Comparison of Target Corporation ratio with that of Kohl’s Corporation