Question
Access the 10-K report filed on September 11, 2019, for the fiscal year ended June 30, 2019. There are many ways to access a 10-K
Access the 10-K report filed on September 11, 2019, for the fiscal year ended June 30, 2019. There are many ways to access a 10-K report. One way is through the website for the Securities and Exchange Commission (sec.gov). Select "FILINGS" and then pull-down menu select "Company Filing Search." When the search box appears type in FARMER BROTHERS. You will be taken to a page detailing all the filings; type 10-K in the "filing type" filter box at the top of the page, and the filings will be resorted so that the 10-K filings are at the head of the listing. Open the "documents" for the filing submitted on 2019-09-11 and then select 10-K.
Scan the 10-K filing submitted by Farmer Brothers for the fiscal year ended June 30, 2019, to become familiar with the contents and the way in which the 10-K is organized. Then respond to the following questions. Your responses should be concise.
- 3a. With regards to Property, Plant, and Equipment: What method(s) of depreciation did Farmer Brothers use in their 10-K filings?
- 3b. What useful lives did they assign to their depreciable assets?
- 3c. Farmer Brothers listed capitalized software as an asset. Explain what it means to have capitalized software.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started