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Locate Nike's 2015 Form 10-K (Annual Report). [Nike has a fiscal year ending May 31, 2015.] To locate information on PP4E and Intangible Assets, see
Locate Nike's 2015 Form 10-K (Annual Report). [Nike has a fiscal year ending May 31, 2015.] To locate information on PP4E and Intangible Assets, see Nike's Balance Sheet and related Notes to the F/S (specifically, Notes 1, 3, and 4). Also scan the Cash Flow Statement. (Nike shows $ amounts in millions, and likewise your answers should be shown in millions.) What is Nike's total PP&E at May 31, 2015? Fill in the summary table below, using Note 3. Of the 5 types of PP&E shown in Note 3, which two types would not be depreciated? Which depreciation method does Nike use? (See Note 1, "PP&E and Depreciation" section.) What is Nike's total depreciation expense for 2015, as shown on the Cash Flow Statement? Why was depreciation added back to net income to determine Cash provided by operations
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