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This excerpt taken from the TGT 10-K filed Apr 10, 2006. Analysis of assets for impairment We review assets at the lowest level for which there are identifiable cash
flows, which is usually at the
store level. The carrying amount of store assets is compared to the expected undiscounted future cash flows to be
generated by those assets over
the estimated remaining economic life of the store. No material impairments were recorded in 2005,
2004 or 2003 as a result of the
tests performed.
This excerpt taken from the TGT 10-K filed Apr 11, 2005. Analysis of
assets for impairment We review assets at the lowest level for which
there are identifiable cash flows, which is usually at the store level. The carrying
amount of store assets is compared to the expected undiscounted future cash
flows to be generated by those assets over the estimated remaining useful life
of the store. No impairments were recorded in 2004 or 2003 as a result of the
tests performed.
We evaluate goodwill for impairment on an annual basis or more often if an event occurs or circumstances change that indicate impairment might exist. Goodwill is evaluated for impairment through the comparison of fair value of the related reporting unit to its carrying value. No impairments were recorded in 2004, 2003 and 2002 as a result of the tests performed. See further discussions in the Notes to Consolidated Financial Statements on pages 30-31.
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