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Required Information

Target Case $($Static$)[$LO$11-2,11-8,11-9]$

$[$The following information applies to the questions displayed below$]$

Target Corporation prepares its financial statements according to U$.$S$.$ GAAP. Tarfje's financial statements and disclosure notes for the year ended February $1,2020,$ are available here. This material is also available under the Investor Relations link at the company's website $($wwwtarget com$).$

Target Case $($Static$)($Part $2)$

$2$ a$.$ In Note $10,$ which depreciation method does Target use for property and equipment for financial reporting?

b$.$ In Note $10,$ which depreciation method is used for tax purposes?

c$.$ Which statement is true regarding why a company might choose one of these methods?

$3.$ In Note $10,$ how does Target record repairs and maintenance expense?

$4.0.$ In Note $10,$ does Target report any impairment of property and equipment for the year ended February $1,2020?$

b$.$ What was the amount of impairment of property and equipment for the year ended February $1,2020?$

c$.$ what are the reasons for the impairments?

$5.0.$ From Notes $11$ and $12$ were any impairments related to intangible assets recorded for the year ended February $1,2020?$

b$.$ What was the amount of impairment of intangible assets for the year ended February $1,2020?$

Complete this question by entering your answers in the tabs below.

a$.$ In Note $10,$ does Target report any impairment of property and equipment for the year ended February $1,2020?$

b$.$ What was the amount of impairment of property and equipment for the year ended February $1,2020?$

c$.$ what are the reasons for the impairments?