Locate the balance sheet for IBM and Bank One. You can use either the 10-K available at EDGAR (www.sec.gov/edaux/searches.htm) or the annual report available at the company page on the Web. The annual report is usually located in the Investor Information section.

Corporation WWW Page Location IBM www.ibm.com Bank One www.bankone.com Required

a. Discuss the similarities and differences between the two balance sheets.

b. Property, plant, and equipment is used directly by companies such as IBM to generate earnings. However, property, plant, and equipment is classified by banks as Other Assets. Why?