ACC 291 WEEK 2 ASSIGNMENT__ 2015 UPDATE

ACC 291 WEEK 2 ASSIGNMENT__ 2015 UPDATE

ALL QUESTIONS

Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $977.3; land $205.8; patents and trademarks (at cost) $539.8; machinery and equipment $2,172.8; buildings $940; goodwill (at cost) $216.0; accumulated amortization $42.3; and accumulated depreciation $2,361.

Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)