In teams, select a public company that interests you. Obtain the company’s most recent annual report on Form 10-K. The Form 10-K is a company’s annually required filing with the Securities and Exchange Commission (SEC). It includes the company’s financial statements and accompanying notes. The Form 10-K can be obtained either (a) from the investor relations section of the company’s website or (b) by using the company search feature of the SEC’s EDGAR database service found at www.sec.gov/edgar/searchedgar/companysearch.html.

1. Based on the information in the company’s most recent annual report, answer the following questions:

a. What depreciation methods does the company use to compute depreciation expense?

b. How much depreciation expense does the company report on its income statement?

c. What is the initial cost of the company’s fixed assets?

d. What is the book value of the company’s fixed assets?

e. What types of intangible assets, if any, does the company report on its balance sheet?

2. Does the book value of the company’s fixed assets reflect their current market value?Explain your answer.