Refer to Canadian Tire's financial statements in Appendix A at the end of the book, and answer the following questions:
1. How much was Canadian Tire's depreciation and amortization expense during fiscal year 2014? How much was Canadian Tire's accumulated depreciation and amortization at the end of year 2013? Explain why accumulated depreciation and amortization exceeds depreciation and amortization expense for the year 2014.
2. Explain why Canadian Tire adds depreciation and amortization expenses back to net income in the computation of net cash from operating activities.
3. Does Canadian Tire have any goodwill? In 2014, was amortization on goodwill charged? Canadian Tire describes intangible assets. What are they? How much amortization of intangible assets did Canadian Tire record in 2014?