Home depot annual report

Even though there was a bad economic time for all stores this store strived to provide better customer service, invested in the sales associates, and rebuilt their supply chain. These decisions helped optimize their capital allocation and allowing them to concentrate more on efforts on the core business. Any business needs to be able to look at and analyze their Income Statement, Balance sheet, and Statement of Cash Flow to help determine if they are successful and if they need to make any adjustments to the business operations to make it more successful.

Home depot annual report

Capitalized Software Costs The Company capitalizes certain costs related to the acquisition and development of software and amortizes these costs using the straight-line method over the estimated useful life of the software, which is three years. Certain development costs not meeting the criteria for capitalization are expensed as incurred.

Revenues The Company recognizes revenue, net of estimated returns, at the time the customer takes possession of merchandise or receives services. Home depot annual report the Company receives payment from customers before the customer has taken possession of the merchandise or the service has been performed, the amount received is recorded as Deferred Revenue in the accompanying Consolidated Balance Sheets until the sale or service is completed.

Service Revenues Net Sales include service revenues generated through a variety of installation and home maintenance programs.

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In these programs, the customer selects and purchases materials for a project and the Company provides or arranges professional installation. Under certain programs, when the Company provides the installation of a project and the material as part Home depot annual report the installation, both the material and labor are included in service revenues.

Home depot annual report

Under EITFif the product is contingent upon the service, revenue for both the service and product is recognized at the time the service is complete.

All payments received prior to the completion of services are recorded in Deferred Revenue in the accompanying Consolidated Balance Sheets. The expected ultimate cost for claims incurred as of the balance sheet date is not discounted and is recognized as a liability.

The expected ultimate cost of claims is estimated based upon analysis of historical data and actuarial estimates. Prepaid Advertising Television and radio advertising production costs along with media placement costs are expensed when the advertisement first appears.

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Vendor Allowances The Company currently receives two types of vendor allowances: All vendor allowances are accrued as earned and those allowances received as a result of attaining certain purchase levels are accrued over the incentive period based on estimates of purchases. The volume rebates earned are initially recorded as a reduction in Merchandise Inventories and a subsequent reduction in Cost of Merchandise Sold when the related product is sold.

We received consideration in the form of advertising co-op allowances from our vendors pursuant to annual agreements, which are generally on a calendar year basis. As permitted by EITFwe elected to apply its provisions prospectively to all agreements entered into or modified after December 31, Therefore, the impact for the Company of adopting EITF in fiscal was limited to advertising co-op allowances earned pursuant to vendor agreements entered into in latewhich became effective in January In fiscalpursuant to EITFthe majority of the advertising co-op allowances will be initially recorded as a reduction in Merchandise Inventories and a subsequent reduction in Cost of Merchandise Sold when the related product is sold.

Shipping and Handling Costs The Company accounts for certain shipping and handling costs related to the shipment of product to customers from vendors as Cost of Merchandise Sold. However, cost of shipping and handling to customers by the Company is classified as Selling and Store Operating Expenses.

Cost in Excess of the Fair Value of Net Assets Acquired Goodwill represents the excess of purchase price over fair value of net assets acquired. The Company assesses the recoverability of goodwill at least annually by determining whether the fair value of each reporting entity supports its carrying value.

Impairment of Long-Lived Assets The Company evaluates the carrying value of long-lived assets when management makes the decision to relocate or close a store, or when circumstances indicate the carrying amount of an asset may not be recoverable. If the carrying value is greater than the future cash flows, a provision is made to write down the related assets to the estimated net recoverable value.

Impairment losses were recorded as a component of Selling and Store Operating Expenses in the accompanying Consolidated Statements of Earnings. In accordance with SFASthe Company recognizes Selling and Store Operating Expense for the net present value of future lease obligations, less estimated sublease income when a location closes.

The fair value of stock options and ESPP as determined on the date of grant using the Black-Scholes option-pricing model is being expensed over the vesting period of the related stock options and ESPP.

Prior to February 3,the Company elected to account for its stock-based compensation plans under Accounting Principles Board Opinion No. The fair value of these options was determined at the date of grant using the Black-Scholes option-pricing model with the following assumptions:Home Depot Inc's Annual Operating Statistics - CSIMarket.

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© lausannecongress2018.com Home; About; Contact;. The Home Depot Political Action Committee ANNUAL REPORT $ You made an imPACt Congratulations! Your support of The Home Depot Political Action Committee (PAC) helped elect candidates to Congress who will stand with The Home Depot on issues important to our customers, our associates, and our shareholders.

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LIFO vs FIFO Inventory Accounting at Home Depot - CBS News