Before you begin this? assignment, it will be helpful if you review McDonald\'sM

Question

Before you begin this? assignment, it will be helpful if you review

McDonald'sMcDonald's

Corporation

20152015

annual report

?(https://www.sec.gov/Archives/edgar/data/63908/000006390816000103/mcd-12312015x10k.htm?).

McDonald'sMcDonald's

Corporation is the? world's leading global food service retailer with more than? 36,000 locations worldwide in more than 100 countries. The corporation operates and franchises

McDonald'sMcDonald's

?restaurants, which serve menu items such as the Big? Mac, Chicken? McNuggets, and McFlurry desserts. In? addition,

McDonald'sMcDonald's

also serves McCafe beverages and pastries.Read the requirements

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.

Requirement 1. Where would

McDonald'sMcDonald's

Corporation report plant assets on its financial? statements? How are plant assets reported and what is the value as of December? 31,

20152015??

?(Enter any amounts in? millions, to the nearest tenth of a? million, X.X, as shown in the financial? statements.)

Plant assets are reported at

cost

on the

consolidated statement of comprehensive income.

The gross value of plant assets at December 31, 2015 is $

(in millions).

Explanation / Answer

as per McDonald's Corporation 2015 Annual Report, plant assets are reported into consolidated balance sheet under the head property and equeipment fall under other assets point

OTHER ASSETS

PROPERTY AND EQUIPMENT Amt in millions(dec 31,2015)

PLANT ASSETS 4658.5

as plant assets are recorded at cost.

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