Chico's FAS, a major U.S. retailer, the following amounts in the asset section of its balance sheets

Question:

Chico's FAS, a major U.S. retailer, the following amounts in the asset section of its balance sheets for the years ended February 1, 2014, and February 2, 2013:
Chico's FAS, a major U.S. retailer, the following amounts in

In addition, the 2014 statement of cash flows reported the following items ($ in thousands):
Depreciation ............................................................ $113,800
Additions to property and equipment ............................... 138,510
Loss on disposal of property and equipment ........................ 1,736
Required:
What were the proceed Chico's received in the year ended February 1, 2014, from the sale of property and equipment?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-1259548185

8th edition

Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

Question Posted: