Solution-Compute estimated percent used up of lululemon

Compute estimated percent used up of lululemon assets

Assignment Help Accounting Basics

Reference no: EM133175456

Question - Estimating Useful Life and Percent Used Up - The property and equipment section of the lululemon athletica 2018 balance sheet follows.

Property and Equipment (in thousands)	Feb. 3, 2019	Jan. 28, 2018
Land	$78,636	$83,048
Buildings	38,030	39,278
Leasehold improvements	362,571	301,449
Furniture and fixtures	103,733	91,778
Computer hardware	69,542	61,734
Computer software	230,689	173,997
Equipment and vehicles	15,009	14,806
Work in progress	74,271	51,260
Property and equipment, gross	972,481	817,350
Accumulated depreciation	(405,244)	(343,708)
Property and equipment, net	$567,237	$473,642

Depreciation expense related to property and equipment was $122.4 million and $108.00 million, for the years ended February 3, 2019, and January 28, 2018, respectively.

Required - Compute the estimated percent used up of lululemon's depreciable assets.

Reference no: EM133175456

Questions Cloud

Create evaluation tool to assess your training plan : In your training plan assignment, you are asked to create an evaluation tool to assess your training plan.

Why do companies or employers pay higher wages : Please list the two companies in Kaunas (Lithuania) that pay the highest wages to employees in that city or district.

Americans with disabilities act : Recently, Green Branch Coffee mangers have approached you with questions regarding the Americans with Disabilities Act (ADA),

Can we get her out of jail : Below is an email you receive from the CEO of your company. Respond to her in an "email" by dropping your reply in the Dropbox no later than Sunday night.

Compute estimated percent used up of lululemon assets : Depreciation expense related to property and equipment was $122.4 million and $108.00 million, Compute estimated percent used up of lululemon assets

Describe the original four dimensions : Discuss the cultural dimensions as identified during phase one of the GLOBE project.

Multiple projects and scope of health care : Health care administrators face many challenges when implementing strategies for and approaches to addressing multiple projects and the scope of health care

How much of the gain or loss will be allocated to bevo : Bevo transfers land with an adjusted basis of $800 and a free market value of $10,800 to the ANM Partnership, How much of the gain or loss will be allocated

Quake in organizational behavior : A shift in Generations Can Cause a Quake in Organizational Behavior. This is about Baby boomers, Generation X, and Millenials. How have changes in employee role

User Account

All Pages

Compute estimated percent used up of lululemon assets

Reference no: EM133175456

Reference no: EM133175456

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT