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Best Buy is the number-one specialty retailer of consumer electronics, personal computers, entertainment software, and appliances. Best Buy has about 742 stores in 49 states, with heavy concentrations in the Midwest, Texas, California, and Florida.

Go to www.bestbuy.com, and select "For Our Investors" near the bottom of the page. Then, select Best Buy's most recent annual report in the PDF format. Use the consolidated balance sheets to answer the following questions. At the most recent year-end, examine Property and Equipment.

a. What is the acquisition cost of these assets?

b. What is the book value (carrying value)?

c. What amount of the acquisition cost has already been expensed?

d. Are any of the assets listed not being depreciated?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91608662

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