ACC 291 Week 2 Fordyce and Atwater( New) For more course tutorials visit www. uophelp. com
sheet, data interpretation, and how financial information is obtained to understand how a company accounts for its long-lived assets. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making Note: The financial statements of Apple, Inc. are presented in Appendix A of Financial Accounting. Instructions for accessing and using the company ' s complete annual report, including the notes to the financial statements, are also provided in Appendix A. Complete a 1,050-word summary of findings and recommendations from the following questions:
· What were the total cost and book value of property, plant, and equipment at September 27, 2014?
· Using the notes to find financial statements, what method or methods of depreciation are used by Apple for financial reporting purposes?
· What was the amount of depreciation and amortization expense for each of the three years 2012-2014?( Hint: Use the statement of cash flows).
· Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased in 2014 and 2013?
· Using the notes to the financial statements, explain in the summary how Apple accounted for its intangible assets in 2014. Use the Week 2 Excel ® spreadsheet to show your work and submit with your summary. Click the Assignment Files tab to submit your assignment. ================================================
ACC 291 Week 2 Fordyce and Atwater( New) For more course tutorials visit www. uophelp. com
ACC 291 Week 2- Fordyce and Atwater