Refer to TELUS's financial statements in Appendix A at the end of this book, and answer the following questions.
1. Which depreciation method does TELUS use for reporting to shareholders and creditors in the financial statements?
2. During 2011, TELUS sold property, plant, and equipment (assets). What were the proceeds? What was the cost of the property, plant, and equipment disposed of?
3. How much did TELUS pay for property and equipment during 2011? What about in 2010? Evaluate the trend in these expenditures as to whether it conveys good news for TELUS.
4. During 2011, TELUS added new property, plant, and equipment. Therefore, it is possible that the company's property and equipment at the end of 2011 were proportionately newer than the assets the company held at the end of 2010. Were property and equipment proportionately newer or older at the end of 2011 (versus 2010)?