Question
EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, and forwarding of submissions by companies and others who are required
EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings. (Some foreign companies file voluntarily.) Form 10-K, which includes the annual report, is required to be filed on EDGAR. The SEC makes this information available on the Internet.
Access EDGAR on the Internet. The web address is:
https://www.sec.gov/cgi-bin/viewer?action=view&cik=354950&accession_number=0000354950-17-000005&xbrl_type=v
(copy and paste the above link into your web browser's address bar)
Browse the Balance Sheet, Income Statement, Cash Flows and the Summary of Significant Accounting Policies from the above link in order to answer the questions below.
Answer the following questions related to the company's property, plant, and equipment:
1. What is the original cost of Property and Equipment shown on the balance sheet for the current year? Be sure to indicate if it is in thousands, millions, etc. 2. What is the amount of accumulated depreciation and amortization shown on the balance sheet for the current year? Be sure to indicate if it is in thousands, millions, etc. 3. What are the estimated useful lives of the three main categories of Property, Plant and Equipment? 4. What is the dollar value of Goodwill on the current balance sheet? Be sure to indicate if it is in thousands, millions, etc. 5. Answer all questions in complete sentences. Be sure to clearly indicate where you found each answer. (Example: On the Balance Sheet, Assets section.) 6. Check your grammar and spellcheck your work.
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