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Problem - Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $944.4; land $249.2; patents and trademarks (at cost) $544.6; machinery and equipment $2,170.1; buildings $959; goodwill (at cost) $211.0; accumulated amortization $47.5; and accumulated depreciation $2,387.
Required - 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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