The following items are from the assets section of WestJet Airlines Ltd.'s December 31, 2010, balance sheet (in thousands):

Instructions
(a) Identify the balance sheet (statement of financial position) category in which each of the above items should be classified.
(b) Prepare the assets section of the balance sheet.

Transcribed Image Text:

Accounts receivable Accumulated depreciation-aircraft Accumulated depreciation-buildings Accumulated depreciation-ground property and equipment Accumulated depreciation-leasehold improvements Accumulated depreciation-spare engines and parts Buildings Cash Ground property and equipment Inventory Intangible assets Leasehold improvements Other assets Prepaid expenses, deposits, and other Spare engines and parts $17,518 622,997 13,154 61,895 3,348 28,251 2,471,806 135,817 1,187,899 121,814 20,181 13,018 9,965 166,557 41,716 106,198