AA 8-1 Company Analysis LO A1 Refer to Apple's financial statements in Appendix A to answer the following. 1. What percent of the original cost of Apple's Property, plant and Equipment account remains to be depreciated as of (a) Septemb 28, 2019, and (6) September 29, 2018? Assume these assets have no salvage value and the entire account is depreciable. Hint Accumulated Depreciation is listed under "Property, Plant and Equipment in the notes to Apple's financial statements in Appendix 2. Much research and development are needed to create the next iPhone. Do companies capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred? 3. Compute Apple's total asset turnover for the year ended (a) September 28, 2019, and (6) September 29, 2018. Total assets at September 30, 2017, are $375,319 ($ millions). 4. Using the results in part 3, is the change in Apple's asset turnover favorable or unfavorable? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What percent of the original cost of Apple's Property, Piant and Equipment account remains to be depreciated as of (a) September 28, 2019, and (b) September 29, 2018? Assume these assets have no salvage value and the entire account is depreciable. Hint: Accumulated Depreciation is listed under "Property, plant and Equipment in the notes to Apple's financial statements in Appendix A. (Round your answers to 1 decimal place.) Show less % of Original Cost (a) September 28, 2019 (b) September 29, 2018 % Required 2 > Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Required 4 Much research and development are needed to create the next IPhone. Do companies capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred? Research and developments costs are: Required 1 Required 2 Rebuired 3 Required* Compote Apple's total asset turnover for the year ended () September 28, 2019, and (b) September 29, 2018. Total assets at September 30, 2017, are $375,319 ($ millions), (Round your answers to 2 decimal places) Total Asset Turnover (6) September 28, 2019 Limes 6) September 20, 2018 times Using the results in part 3, is the change in Apple's asset turnover favorable or unfavorable? Is the change in Apple's asset turnover on a favorable or unfavorable trend? Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Required 4 Much research and development are needed to create the next IPhone. Do companies capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred? Research and developments costs are: Required 1 Required 2 Rebuired 3 Required* Compote Apple's total asset turnover for the year ended () September 28, 2019, and (b) September 29, 2018. Total assets at September 30, 2017, are $375,319 ($ millions), (Round your answers to 2 decimal places) Total Asset Turnover (6) September 28, 2019 Limes 6) September 20, 2018 times Using the results in part 3, is the change in Apple's asset turnover favorable or unfavorable? Is the change in Apple's asset turnover on a favorable or unfavorable trend?
