Question: please solve #1-2 using the information in the first picture and show all work Part 3-Leng-lived assets (20 points): Use the following financial information on

Part 3-Leng-lived assets (20 points): Use the following financial information on the nest twe pages for Target to answer questions in part 3 . Ceneelitated Statements of hinacial Fesies Consolidated Statements of Cash Flows 8 NOTE 26: We review long-lived assets for impairment when store performance expectations, events, or changes in circumstances-such as a decision to relocate or close a store or distribution center, discontinue a project, or make significant softwore changes-indicate that the asset's carrying value moy not be recoverable. We recognized impoirment losses of $62 million, 523 million, and $92 million during 2020, 2019, and 2018, respectively. Answer the following questions: 1. (8 points) Construct the complete PP\&E T-account for Target for fiscal year 2020 . Show all your calculations for full marics. 2. (8 points) Construct the Accumulated depreciation T-account for PP\&E for Target for fiscal year 2020 . Show all your calculations for full marks. Part 3-Leng-lived assets (20 points): Use the following financial information on the nest twe pages for Target to answer questions in part 3 . Ceneelitated Statements of hinacial Fesies Consolidated Statements of Cash Flows 8 NOTE 26: We review long-lived assets for impairment when store performance expectations, events, or changes in circumstances-such as a decision to relocate or close a store or distribution center, discontinue a project, or make significant softwore changes-indicate that the asset's carrying value moy not be recoverable. We recognized impoirment losses of $62 million, 523 million, and $92 million during 2020, 2019, and 2018, respectively. Answer the following questions: 1. (8 points) Construct the complete PP\&E T-account for Target for fiscal year 2020 . Show all your calculations for full marics. 2. (8 points) Construct the Accumulated depreciation T-account for PP\&E for Target for fiscal year 2020 . Show all your calculations for full marks
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