View a link to Target Corporation’s Fiscal 2018 annual report at https://www .pearsonglobaleditions.com/Horngren. Refer to the Target Corporation financial statements, including Notes 11, 12, and 13. Answer the following questions.
Requirements

1. Which depreciation method does Target Corporation use for reporting in the financial statements?
2. What was the amount of depreciation and amortization expense for the year ending February 2, 2019?
3. The statement of cash flows reports the cash purchases of property, plant, and equipment. How much were Target’s additions to property, plant, and equipment during the year ending February 2, 2019? Did Target record any proceeds from the sale of property, plant, and equipment?
4. What was the amount of accumulated depreciation at February 2, 2019? What was the net book value of property, plant, and equipment for Target as of February 2, 2019?
5. Compute Target’s asset turnover ratio for year ending February 2, 2019. Round to two decimal places. How does Target’s ratio compare with that of Kohl’s Corporation?