Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

  1. 3a. With regards to Property, Plant, and Equipment: What method(s) of depreciation did Farmer Brothers use in their 10-K filings?
  2. 3b. What useful lives did they assign to their depreciable assets?
  3. 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

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions