Hello all. please refer to the attached info. Info order is 26, 27, 28, 29 thanks.!

Name Section Date Chapter 9 Financial Reporting Problem Apple Inc. (a) (b) (c) (d) (e) 531 531 cial Reporting Problem Apple Inc. 531 531 Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making Note: The financial statements of Apple, Inc. are presented in Appendix A of Financial Accounting. Instructions for accessing and using the company's complete annual report, including the notes to the financial statements, are also provided in Appendix A. Complete a 1,050-word summary of findings and recommendations from the following questions: What were the total cost and book value of property, plant, and equipment at September 27, 2014? Using the notes to find financial statements, what method or methods of depreciation are used by Apple for financial reporting purposes? What was the amount of depreciation and amortization expense for each of the three years 20122014? (Hint: Use the statement of cash flows). Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased in 2014 and 2013? Using the notes to the financial statements, explain in the summary how Apple accounted for its intangible assets in 2014. Use the Week 2 Excel spreadsheet to show your work and submit with your summary. INFO Below... Specimen Financial Statements: Apple Inc. Once each year, a corporation communicates to its stockholders and other interested parties by issuing a complete set of audited financial statements. The annual report, as this communication is called, summarizes the financial results of the company's operations for the year and its plans for the future. Many annual reports are attractive, multicolored, glossy public relations pieces, containing pictures of corporate officers and directors as well as photos and descriptions of new products and new buildings. Yet the basic function of every annual report is to report financial information, almost all of which is a product of the corporation's accounting system. The content and organization of corporate annual reports have become fairly standardized. Excluding the public relations part of the report (pictures, products, etc.), the following are the traditional financial portions of the annual report: Financial Highlights Letter to the Stockholders Management's Discussion and Analysis Financial Statements Notes to the Financial Statements Management's Responsibility for Financial Reporting Management's Report on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm Selected Financial Data The official SEC filing of the annual report is called a Form 10K, which often omits the public relations pieces found in most standard annual reports. On the following pages, we present Apple Inc.'s financial statements taken from the company's 2014 Form 10K. To access Apple's Form 10K, including notes to the financial statements, follow these steps: Go to http://investor.apple.com. Select the Financial Information tab. Select the 10K annual report dated September 29, 2014. The Notes to Consolidated Financial Statements begin on page 50. DUMBO-[JDATED STATEMENTS OF OPERATIONS {h milims. Bump: number Gimmes which are rammed in thmsanjs and per 5139mm Ymm Saptannara? MMDEI'ZE W29. 2014 ' 2:113 ' 2:112 Net sales. 5 152355 5 1m.91u 5 155.505 Ccstufaalas 112.255 105,505 5?.545 Grass margin T055? 54.314 55.552 WWW Research and developlmlt 5.041 4,4?5 5.551 Selling. general mm 11.9.13 10,330 15.045 Total omrlingm 15.054 15.305 13,421 [mum ilmrna 52.505 45.550 55,241 Dll'lar ir'mnan'tmqaema}. r191 $0 1.155 522 I'mbafuna psmismfur'rmmtams 53,433 55,155 55:63 Provision furlr'locu'netaxes 13.9?3 13.1 15 14.03] Net 510131119 5 35.510 5 5?,05? 5 4135.3 lint-gamma: Bait: 5 5.40 5 5.?2 5 5.35 [lite-d 5 5.45 $ 5.55 5 5.51 Sharamaadhmrlting Mmspersl'm: Basic E.EBE.E?2 5.4??3320 5.553.?25 [3mm 5.122.555 5521,4334 5.51?.453 Gashduidasdedamdpermmnmam 5 1.52 5 1.54 5 0.55 mmmmmmmm Financial 3mm GONBIIHJDATHJ STATEMENTS OF 003:1 FREHH'ISNE IHGOIIIE {hmillions} Tea-59mm Sammy'. W20. WED, 20\" 2013 2012 Minna-ma 5 55.510 5 3mm 5 41333 0513mm}: Damminfa'gigncunmtraraan.mtnftaxggctsof550.$55 and $13, mpg-chm [13?] 112! 15 mhmmmmmmm Umgahfalrvaluanfdaimthmmatoftaxbautmamm, 5(351la1cl $23, ream-nd? 1.550 522 [151]: Whmmmmtamdmmnmm mammqugnamm.mmmmmpmm 149 I453: {399} Total change in unrecognized mingling-.595 outlaw-aim immmtax 1.530 54 [550]: mmmmonmm mmmlrualueofmaetaasacuasmatdtbena [901139159] of $155]. $455 air-5511421). media-sly 255 0513 F15 Whrlmmnmtamdmmnam Mdmmh2m$mmr {154} {151) {114} Total Grunge in unrealized 955151505535 an Wmumias, netting: 151 (0221 501 Tmmharmmmnmm] 1.555 [El-Tm 55 Totalca'nu'gha'imim 5 41.\" 5 55.05? 5 41.?59 Smamampa'lyi'lg NEFthtcr Cbnmlidalzad nancial 5131mm.