Suppose Nike, Inc. reported the following plant assets

Question 1

Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $931.1; land $221.9; patents and trademarks (at cost) $547.3; machinery and equipment $2,000.3; buildings $961; goodwill (at cost) $197.4; accumulated amortization $46.8; and accumulated depreciation $2,152.

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

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