Before you begin this assignment, it will be helpful if you review McDonald\'s C

Question

Before you begin this assignment, it will be helpful if you review McDonald's Corporation 2015 annual report https://www.sec.gov/Archives/edgar/data/63908/000006390816000103/mcd-12312015x10k.htm) McDonald's Corporation is the world's leading global food service retailer with more than 36,000 location:s worldwide in more than 100 countries. The corporation operates and franchises McDonald's restaurants, which serve menu items such as the Big Mac, Chicken McNuggets, and McFlurry desserts. In addition, McDonald's also serves McCafe beverages and pastries. Read the requirements. Requirement 1. Where would McDonald's Corporation report plant assets on its financial statements? How are plant assets reported and what is the value as of December 31, 2015? (Enter any amounts in millions, to the nearest tenth of a million, X.X, as shown in the financial statements.) Plant assets are reported at on the The gross value of plant assets at December 31, 2015 is S (in millions) hoose from any list or enter any number in the input fields and then click Check Answer. 2

Explanation / Answer

Plant assets are reported at cost on the consolidated balance sheet.

The gross value of plant assets at December 31,2015 is $ 37692.4 (in millions)

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