Now that you understand how a company accounts for property and equipment, lets review Ford Motor Companys
Question:
1. What are the property and equipment (P& E) categories that Ford Motor Company reported on its 2010 balance sheet? (Also see also note 14 in the notes to the financial statements.)
2. As of December 31, 2010, what was the total amount that the company had invested in property and equipment before accumulated depreciation was deducted?
3. What depreciation method(s) does Ford use? What are the estimated useful lives used for the buildings and land improvements and for the machinery and equipment?
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Step by Step Answer:
1 Ford Motor Company reported Net Property on its December 31 2010 b...View the full answer
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Related Book For 
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
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