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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. How are plant and
equipment recorded? 2.
How are leasehold improvements accounted
for? 3.
How are assets depreciated? 4. 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?
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ACC 422 Week 4 Team Assignment Problem 10-4, Problem 10-
6, CA 11-5, Problem 12-2
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Complete the following individually and discuss your individual
answers as a team: • Problem 10-4, p. 543 •
Problem 10-6, p. 544
•
CA 11-5, p. 597 •
Problem 12-2, p. 644 After discussing your
answers, compile each into a team response. Click the Assignment Files
tab to submit your assignment. Problem 10-4- Problem 10-4, p. 543 P10-
4 (LO1,4,6) GROUPWORK (Dispositions, Including Condemnation,
Demolition, and Trade-In) Presented below is a schedule of property
dispositions for Hollerith Co. Schedule of Property Dispositions Cost
Accumulated Depreciation Cash Proceeds Fair Value Nature of