Description
Your final course project consists of seven critical elements. They follow a logical flow for financial reporting. However, due to the sequencing of content for the modules, the critical elements will be prepared out of order.
For Milestone Three, complete two critical elements. They are Critical Element IV: Adjusting Entries and Critical Element VI: Communication
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Running head: MILESTONE THREE
Milestone Three
Student's Name
Course Number-Name of Course
Instructor’s Name
Date
MILESTONE THREE
2
IV. Adjusting entries
Part A:
Walmart Inc. formerly Wal-Mart Stores Inc. is an international merchandizing
establishment in the U.S. running a chain of supermarkets, discount department stores, and
groceries. Also, Walmart Inc. possesses and controls Sam’s Club marketing storerooms. It is the
global biggest establishment by income being over $500 Billion and also the largest private
employer having more than 2.3 million employees (“Walmart, 2019”). In its operations, Walmart
Inc. uses a straight line method while calculating depreciation of its assets. Straight line method
of depreciation is a technique that is used to recognize the carrying amount of fixed assets evenly
over such asset’s useful life. The reason for using this method of depreciation at Walmart Inc. is
that there lacks a precise outline to the means in which the fixed assets are to be utilized over
time (“Walmart, 2019�...