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You can review the Disney SEC Form 10-K by searching for Disney Annual Report online. REQUIRED: Review

Question:

You can review the Disney SEC Form 10-K by searching for “Disney Annual Report” online.


REQUIRED:
Review the 2015 (10/3/2015) Disney SEC Form 10-K, and answer the following questions:
a. What percentage of total assets do property, plant, and equipment and long-lived assets in total make up?
b. What is the largest category of property, plant, and equipment?
c. How large is the depreciation and amortization expense relative to sales, and why is it listed on the statement of cash flows?
d. What method and estimated lives does Disney use for its property, plant, and equipment?
e . What is the company’s largest intangible asset? Explain how this intangible asset was added to the Disney balance sheet.
f . What is Disney’s policy on asset impairments?
g. How much did Disney invest in property, plant, and equipment during 2015?

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Dollar amounts are in millions a Property plant and equipment make up 286 2517988182 of total assets ...View the full answer


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Depreciation of non-current assets is the process of allocating the cost of the asset over its useful life. The cost of the asset includes the purchase price, any additional costs incurred to bring the asset to its current condition and location, and any other costs that are directly attributable to the asset. The useful life of the asset is the period over which the asset is expected to be used by the company. To calculate the depreciation, companies use different methods such as straight-line, declining-balance, sum-of-the-years\'-digits, units-of-production, and group depreciation. The chosen method will depend on the type of asset, the company\'s accounting policies, and the accounting standards that are applicable. The straight-line method allocates an equal amount of the asset\'s cost over its useful life, while the declining-balance method calculates depreciation at a fixed rate, typically double the straight-line rate, but the amount of depreciation decreases over time. The sum-of-the-years\'-digits method is similar to the declining-balance method, but the rate of depreciation is calculated using a fraction that is based on the useful life of the asset. It\'s important to note that the depreciation expense will be recorded on the company\'s income statement and the accumulated depreciation will be recorded on the company\'s balance sheet. This will decrease the value of the asset on the balance sheet over time.

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