At the most recent balance sheet date, the book value of Cisco's property and equipment was (in millions):

a. $10,165 b. $91 c. $477 d. $1,997

The historical cost of Cisco's property and equipment at the most recent balance sheet date was (in millions):

a. $10,165 b. $8,165 c. $1,997 d. $91

Cisco states property and equipment at:

a. cost b. Fair market value c. cost, less accumulated depreciation or amortization, whenever applicable.

d. depreciable cost

Which depreciation method does Cisco use?

a. Sum of the years digits b. Straight-line c. Double declining balance

d.Units of activity

The depreciation method used by Cisco results in ____________ net income being reported in the first year of an asset's useful life compared to an accelerated depreciation method.

a. less b. more c. the same amount d. cannot be determined

The depreciation method used by Cisco results in ____________ total assets being reported in the first year of an asset's useful life compared to an accelerated depreciation method.

a. the same amount b. less c. more d. cannot be determined

Cisco depreciates computer equipment and software over:

a. 10 years b. up to 5 years c. 5 years d. 30 to 36 months

According to the Goodwill and Purchased Intangible Assets note: Cisco tests goodwill for impairment on a(n) __________ in the ______________ and, when specific circumstances dictate, between annual tests.

a. annual basis, third quarter b. semi-annually, first and third c. annual basis, fourth fiscal quarter d. annual basis, second fiscal quarter

According to Cisco's Goodwill and Purchased Intangible Assets note: when impaired, the carrying value of goodwill is written down to fair value.

a. True

b. False

According to the Goodwill and Purchased Intangible Assets note: Cisco's purchased intangible assets with finite lives are carried at cost.

a. True

b. False