LO9-3 EXERCISE 9.5 Evaluation of Disclosures in Annual Reports A recent annual report of H J. Heinz Company includes the following note Depreciation: For financial reporting depreciation is provided on the straight-line method over the estimated useful lives of the assets, which generally have the following ranges buildings-40 years or less, machinery and equipment 15 years or less; computer software-3-7 years; and lease hold improvements over the life of the lease, not to exceed 15 years Accelerated methods are generally used for income tax purposes purposes depreciation