What method of accounting inventoryand depreciation procedure are use for Target Corp?

Target Corporation uses the FIFO (First-In, First-Out) method for inventory accounting, which assumes that the oldest inventory items are sold first. For depreciation, Target typically employs the straight-line method, which spreads the cost of an asset evenly over its useful life. This approach allows for consistent expense recognition and simplifies financial reporting. These methods align with standard practices in retail, providing a clear view of inventory costs and asset depreciation.