Refer to The Home Depot, Inc., 2015 Annual Report ( for the fiscal year ended January 31, 2016) in Appendix A.
1. Locate the Notes to Consolidated Financial Statements. Review Note 1, Summary of Significant Accounting Policies. What methods are used to depreciate the company’s furniture, fixtures, and equipment? What estimated useful life is assigned to buildings?
2. Find the Consolidated Balance Sheet. What amount was charged to accumulated depreciation and amortization for the year ended January 31, 2016? What net value is reported for Property and Equipment?