Refer to the financial statements of Best Buy in Appendix A to answer the following.
1. What percent of the original cost of Best Buy’s property and equipment remains to be depreciated as of February 28, 2009, and at March 1, 2008? Assume these assets have no salvage value.
2. Over what length(s) of time is Best Buy depreciating its major categories of property and equipment?
3. What is the change in total property and equipment (before accumulated depreciation) for the year ended February 28, 2009? What is the amount of cash provided (used) by investing activities for property and equipment for the year ended February 28, 2009? What is one possible explanation for the difference between these two amounts?
4. Compute its total asset turnover for the year ended February 28, 2009, and the year ended March 1, 2008. Assume total assets at March 3, 2007, are $13,570 ($ millions).

  • CreatedMarch 18, 2015
  • Files Included
Post your question