I am supposed to look up Fannie Mae' Annual Report for 2014 and answer the questions below. I am having some trouble.

LONGLIVED ASSETS

Name of company chosen: Fannie Mae Refer to the notes to the financial statements. The first note, Summary of Significant Ac- counting Policies, provides information about the companys depreciation and amortization methods. You will also need to refer to the other notes to the financial statements and to the financial statements themselves in order to answer the following questions.

IMPORTANT: Indicate the page number in which the information was found.

THE BASICS

Property, plant and equipment

What depreciation method does the company use? ? Page ?

What is the amount of depreciation expense for the current year? Page ? (Hint: Look at the operating activities section of the cash flow statement if the indirect method was used.)

Current year

Intangible assets

Last year

Does the company have any intangible assets? If so:

What is the amount? ? Page ?

Does the company report any goodwill?

What is the amount? ?

Page ?

Calculate the following: Show your computations.

You will find prior years total assets in the Five-Year Summary of Selected Financial Data.

Average useful life of plant assets = Average cost of plant assets/Depreciation expense

= =

Average age of plant assets = Accumulated Depreciation /Depreciation Expense=

Asset turnover = Sales/Average total assets=

current year last year two years ago