Walmart: allocate the cost of an asset to the periods used
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I'd like to use Walmart, once company is identified with specific asset, describe the accounting this company uses to allocate the cost of that asset to the periods benefited from its use. Assets that this company must account for is natural resource; patent; lease; leasehold improvement; copyright; trademark; or goodwill.
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Solution Summary
Your tutorial is 227 words and one reference and explains how Walmart amortizes the leasehold improvement costs to "build out" stores.
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Company identified: Walmart
Asset identified: Leasehold improvements
Page 34 of their 2011 Annual report found on:
http://walmartstores.com/sites/annualreport/2011/financials/Walmart_2011_Annual_Report.pdf
Walmart states: "Leasehold improvements are depreciated over the shorter of the estimated useful life of the asset or the remaining expected lease term. If significant expenditures are made for leasehold improvements ...
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