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Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281

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BuyFindarrow_forward

Intermediate Accounting: Reporting...

3rd Edition
James M. Wahlen + 2 others
ISBN: 9781337788281
Textbook Problem
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Analyzing Moet Hennessy Louis Vuitton’s Property, Plant, and Equipment

Obtain LVMH (Moet Hennessy Louis Vuitton)’s 2017 annual report using the “Investor Relations” portion of its web site (do a Web search for Moet Hennessy Louis Vuitton investor relations).

Required:

  1. 1. What is the value of LVMH’s property, plant, and equipment?
  2. 2. What categories of property, plant, and equipment does LVMH report in its financial statements?
  3. 3. How does LVMH value its property, plant, and equipment?

1.

To determine

State the value of LVMH’s property, plant and equipment.

Explanation
  • LVMH recorded gross value of €23,335 million for its “property, plant, and equipment” and reported €10,129 million, net of impairment and depreciation.
  • Thus, the net amount of “property, plant, and ...

2.

To determine

Mention the categories of property, plant and equipment reported by LVMH in its financial statements.

3.

To determine

Explain the manner in which LVMH value its property, plant and equipment.

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