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ont Chapter9Suppose Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 (in millions): other plant assets $939.0, land $240.0, patents and trademarks (at cost) $530.0, machinery and equipment $2,200.0, buildings $900.0, goodwill (at cost) $220.0, accumulated amortization $46.0, and accumulated deprecetion $2,280.0. Nike, Inc. reported the following plant assets and intangble nsets for the year ended May 31, 2017 Gn milions): othes plant assets $939.0, land $240.0, patents and trademarks (et cosdt)s Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) Exercize 9-4 Exercise 2-6 Exerciso 9-2 f Exercise 9-10 NIKE, INC. Partial Balance Sheet As of May 31, 2017 (in millions) Property, Plant and Equipment Land 2400 Score w Results by Study Buildings Machinery and Equipmant Y 2 200.0 Other Plant Assets 939.0 2.280.0 Total Property, Plent and Equipmen tangible Azset: Goodiwill Patents and Trademarks Less Toca Intangible Assets 0 Type here to search

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Answer:-

NIKE Inc. Partial Balance Sheet As of May 31,2017 (in millions) Assest Amount $ Property, Plant & Equipment:- Land 240 Buildings 900 Machinery & Equipment 2200 Other plant assets 939 4039 Less:- Accumulated Depreciation 2280 1759 Total Property, Plant & Equipment 1999 Intangible Assest:- Goodwill 220 Patents & Trademarks 530 Less:-Accumulated amortization 46 484 Total Intangible Assest 704

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