Question: Please consider the balance sheet and notes to the financial statements for The Kroger Co. (Kroger) below and answer the following questions. How much did

  1. Please consider the balance sheet and notes to the financial statements for The Kroger Co. (Kroger) below and answer the following questions.

  1. How much did Kroger originally pay for all of the property, plant, and equipment (PPE) that it owned on January 28, 2017?
  2. What is the net book value (NBV) of Krogers property, plant and equipment on January 28, 2017?
  3. What is Krogers total depreciation and amortization expense related to PPE for the period ended January 28, 2017? Assume there were no disposals of any PPE during the year.

 Please consider the balance sheet and notes to the financial statementsfor The Kroger Co. (Kroger) below and answer the following questions. How

THE KROGER CO. CONSOLIDATED BALANCE SHEETS January 28, 2017 January 30, 2016 $ (In millions, except par values) ASSETS Current assets Cash and temporary cash investments Store deposits in-transit Receivables FIFO inventory LIFO reserve Prepaid and other current assets Total current assets 322 910 1,649 7,852 (1,291) 898 10,340 277 923 1,734 7,440 (1,272) 790 9,892 Property, plant and equipment, net Intangibles, net Goodwill Other assets 21,016 1,153 3,031 965 19,619 1,053 2,724 609 Total Assets 36,505 $ 33,897 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 4. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consists of: $ $ Land Buildings and land improvements Equipment Leasehold improvements Construction-in-progress Leased property under capital leases and financing obligations 2016 3,197 11,643 13,495 9,342 1,979 932 2015 2,997 10,524 12,520 8,710 2,115 801 Total property, plant and equipment Accumulated depreciation and amortization 40,588 (19,572) 37,667 (18,048) Property, plant and equipment, net $ 21,016 $ 19,619 Accumulated depreciation and amortization for leased property under capital leases was $330 at January 28, 2017 and $293 at January 30, 2016. Approximately $219 and $264, net book value, of property, plant and equipment collateralized certain mortgages at January 28, 2017 and January 30, 2016, respectively. THE KROGER CO. CONSOLIDATED BALANCE SHEETS January 28, 2017 January 30, 2016 $ (In millions, except par values) ASSETS Current assets Cash and temporary cash investments Store deposits in-transit Receivables FIFO inventory LIFO reserve Prepaid and other current assets Total current assets 322 910 1,649 7,852 (1,291) 898 10,340 277 923 1,734 7,440 (1,272) 790 9,892 Property, plant and equipment, net Intangibles, net Goodwill Other assets 21,016 1,153 3,031 965 19,619 1,053 2,724 609 Total Assets 36,505 $ 33,897 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 4. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consists of: $ $ Land Buildings and land improvements Equipment Leasehold improvements Construction-in-progress Leased property under capital leases and financing obligations 2016 3,197 11,643 13,495 9,342 1,979 932 2015 2,997 10,524 12,520 8,710 2,115 801 Total property, plant and equipment Accumulated depreciation and amortization 40,588 (19,572) 37,667 (18,048) Property, plant and equipment, net $ 21,016 $ 19,619 Accumulated depreciation and amortization for leased property under capital leases was $330 at January 28, 2017 and $293 at January 30, 2016. Approximately $219 and $264, net book value, of property, plant and equipment collateralized certain mortgages at January 28, 2017 and January 30, 2016, respectively

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!