Review the financial statements, including any notes and
supplemental information, and answer the following questions.
Indicate where you found the answer to the questions. If calculations
are required, show your work.
Fixed Assets and Intangibles
1.
2.
3.
4.
How are plant and equipment recorded?
How are leasehold improvements accounted for?
How are assets depreciated?
How is impairment determined and were there any impairments
reported?
5. Were any new stores added and if yes, where.
6. Were any stores or facilities closed and if yes, where.
7. How is goodwill accounted for? Was the carrying value of
goodwill written down in the past two years?
8. Have any recent pronouncements affected the accounting for
property, plant, and equipment and/ or intangibles?
9. ==============================================
10.
ACC 422 Week 4 Team Assignment Textbook Problems
(P11-1, P12-1) 100% Score
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Prepare written responses to the following assignments from Ch. 11
& 12 of Intermediate Accounting: