Question

The Kroger Company, a Cincinnati-based supermarket chain, operates nearly 2,500 stores throughout the United States. The company’s annual report for the fiscal year ended January 28, 2012, contained the following ($ in millions):


Kroger’s statement of cash flows listed capital investments of $1,898 million and depreciation and amortization of $1,638 million for the fiscal year ended January 28, 2012. Assume that all capital investments and all depreciation and amortizations were for property, plant, and equipment. (The use of T-accounts should help your analysis.)
1. Compute the dollar amounts of the following:
a. Accumulated depreciation relating to properties and plants disposed of during the fiscal year ended January 28, 2012.
b. Original acquisition cost of properties and plants disposed of during the fiscal year ended January 28, 2012.
2. Compute the dollar amount of the net increase or decrease in total long-term debt during the fiscal year ended January 28, 2012.


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  • CreatedFebruary 20, 2015
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