Brief Exercise 9-11 Suppose Nike, Inc. reported the following plant assets and intangible assets for the year

Brief Exercise 9-11Suppose Nike, Inc. reported the following plant assets and intangible assets for the yearended May 31, 2014 (in millions): other plant assets $930.0; land $237.1; patents andtrademarks (at cost) $540.3; machinery and equipment $2,016.9; buildings $945; goodwill (atcost) $188.3; accumulated amortization $46.0; and accumulated depreciation $2,143.Prepare a partial balance sheet for Nike for these items. (List Property, Plant andEquipment in order of Land, Buildings and Equipment.)NIKE, INC.Partial Balance SheetAs of May 31, 2014(in millions)Property, Plant and Equipment$Land237.1$Buildings945.00Machinery and Equipment2016.9Other Plant Assets930.0Less:2,143Accumulated DepreciationTotal Property, Plant and EquipmentIntangible AssetsGoodwill188.30$Patents and Trademarks540.3Less:46.0586.30Accumulated AmortizationTotal Intangible AssetsDon’t show me this message again for the assignmentShow List of AccountsLink to TextQuestion Attempts: 0 of 3usedSaveforlater