The following items are from the assets section of WestJet Airlines Ltd.'s December 31, 2018, statement...
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The following items are from the assets section of WestJet Airlines Ltd.'s December 31, 2018, statement of financial position (in thousands): Accounts receivable $145,544 Accumulated depreciation-aircraft 1,911,279 Accumulated depreciation-buildings 40,992 Accumulated depreciation-ground, property and equipment 115,684 Accumulated depreciation-spare parts 134,896 Aircraft 5,634,255 Buildings 136,780 Cash 1,301,421 Ground and other property and equipment 188,003 Intangible assets 54,851 Inventory 39,742 Other assets (non-current) 786,793 Prepaid expenses, deposits, and other 190,242 Spare parts 389,504 Trading investments 93,771 : > > WESTJET AIRLINES LTD. Balance Sheet (partial) (in thousands) Assets $ Identify the asset category the company would use to classify each of the items on its statement of financial position. Item Accounts receivable Accumulated depreciation-aircraft Statement of Financial Position Category Current assets Property, plant, and equipment (Contra account) > > Accumulated depreciation-buildings Property, plant, and equipment (Contra account) Accumulated depreciation-ground, property and equipment Property, plant, and equipment (Contra account) Accumulated depreciation-spare parts Property, plant, and equipment (Contra account) Aircraft Buildings Cash Ground and other property and equipment Intangible assets Property, plant, and equipment Property, plant, and equipment Current assets Property, plant, and equipment Intangible assets Inventory Current assets > > > > Other assets (non-current) Prepaid expenses, deposits, and other Spare parts Trading investments Non-current assets Current assets Property, plant, and equipment Current assets > > > > > The following items are from the assets section of WestJet Airlines Ltd.'s December 31, 2018, statement of financial position (in thousands): Accounts receivable $145,544 Accumulated depreciation-aircraft 1,911,279 Accumulated depreciation-buildings 40,992 Accumulated depreciation-ground, property and equipment 115,684 Accumulated depreciation-spare parts 134,896 Aircraft 5,634,255 Buildings 136,780 Cash 1,301,421 Ground and other property and equipment 188,003 Intangible assets 54,851 Inventory 39,742 Other assets (non-current) 786,793 Prepaid expenses, deposits, and other 190,242 Spare parts 389,504 Trading investments 93,771 : > > WESTJET AIRLINES LTD. Balance Sheet (partial) (in thousands) Assets $ Identify the asset category the company would use to classify each of the items on its statement of financial position. Item Accounts receivable Accumulated depreciation-aircraft Statement of Financial Position Category Current assets Property, plant, and equipment (Contra account) > > Accumulated depreciation-buildings Property, plant, and equipment (Contra account) Accumulated depreciation-ground, property and equipment Property, plant, and equipment (Contra account) Accumulated depreciation-spare parts Property, plant, and equipment (Contra account) Aircraft Buildings Cash Ground and other property and equipment Intangible assets Property, plant, and equipment Property, plant, and equipment Current assets Property, plant, and equipment Intangible assets Inventory Current assets > > > > Other assets (non-current) Prepaid expenses, deposits, and other Spare parts Trading investments Non-current assets Current assets Property, plant, and equipment Current assets > > > > >
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