Canadian Tire Corporation, Limited reported the following selected information about long-lived assets at January 1, 2011 (in
Question:
Canadian Tire Corporation, Limited reported the following selected information about long-lived assets at January 1, 2011 (in millions):
Accumulated amortization-asset under finance lease...................$ 20.2
Accumulated amortization-buildings................................................960.2
Accumulated amortization-fixtures and equipment.......................488.2
Accumulated amortization-leasehold improvements....................181.6
Asset under finance lease....................................................................60.5
Buildings...........................................................................................2,605.6
Construction in progress...................................................................128.4
Fixtures and equipment.....................................................................736.8
Goodwill..................................................................................................71.9
Land......................................................................................................785.8
Leasehold improvements .................................................................552.9
Mark's Work Wearhouse indefinite-life intangibles..........................58.4
Prepare the property, plant, and equipment section of the statement of financial position for Canadian Tire.
Step by Step Answer:
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine