The financial statements of Louis Vuitton are presented in Appendix F. Instructions for accessing and using the company’s complete annual report, including the notes to its financial statements, are also provided in Appendix F.

Instructions Use the company’s annual report to answer the following questions.

(a) According to the notes to the financial statements, what method or methods does the company use to depreciate “property, plant, and equipment?” What useful lives does it use to depreciate property, plant, and equipment?

(b) Using the notes to the financial statements, explain how the company accounted for its intangible assets with indefinite lives.

(c) Using the notes to the financial statements, determine (1) the balance in Accumulated Amortization and Impairment for intangible assets (other than goodwill), and (2) the balance in Depreciation (and impairment) for property, plant, and equipment.