Your answer is partially correct. Suppose Nike, Inc. reported the following plant assets and intangible assets...

Transcribed Image Text:

Your answer is partially correct. Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $942.0, land $210.0, patents and trademarks (at cost) $500.0, machinery and equipment $2,050.0, buildings $930.0, goodwill (at cost) $190.0, accumulated amortization $43.0, and accumulated depreciation $2,150.0. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings, Machinery and Equipment and Other Plant Assets. Round answers to 1 decimal place, eg. 5,275.5.) NIKE, INC. Partial Balance Sheet May 31, 2022 and Equipment Equipment (in millions) 930.00 2050.00 21000 Equipment v isets Accumulated Depreciation Plant and Equipment ts ademarks 500.00 Accumulated Amortization v 43.00 eAssets 930.00 2050.00 942.00 2150 190.00 457.00 $ 210.00 1722.00 1512.00 2159.00 Your answer is partially correct. Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $942.0, land $210.0, patents and trademarks (at cost) $500.0, machinery and equipment $2,050.0, buildings $930.0, goodwill (at cost) $190.0, accumulated amortization $43.0, and accumulated depreciation $2,150.0. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings, Machinery and Equipment and Other Plant Assets. Round answers to 1 decimal place, eg. 5,275.5.) NIKE, INC. Partial Balance Sheet May 31, 2022 and Equipment Equipment (in millions) 930.00 2050.00 21000 Equipment v isets Accumulated Depreciation Plant and Equipment ts ademarks 500.00 Accumulated Amortization v 43.00 eAssets 930.00 2050.00 942.00 2150 190.00 457.00 $ 210.00 1722.00 1512.00 2159.00