NEED THE ANSWER ASAP

QUESTION:

The financial statements of The North West Company Inc. are presented in Appendix A at the end of your textbook.

1. What depreciation method does North West use? (Hint: Look in the note accompanying the financial statements that explains significant accounting policies.)
2. Identify the following amounts for the five largest components of the companys property and equipment at each of January 31, 2019, and January 31, 2018: (1) cost, (2) accumulated depreciation, (3) impairment losses, and (4) carrying amount (which the company calls net book value). (Hint: Look in the note accompanying the financial statements that deals with property and equipment.)
3. Using the amounts determined in part (b) above, what is the difference between the accumulated depreciation (the company calls this accumulated amortization) reported at the end of January 2019 and 2018? What was the amount of amortization expense reported for property and equipment for the year ended January 31, 2019? (Hint: Use the property and equipment note used above.) Why is the change in accumulated amortization not equal to amortization expense?
4. Does North West have any goodwill at January 31, 2019? If so, how much?
5. What kinds of intangible assets does the company report at January 31, 2019? Did it have any impairment losses for its intangibles for the year ended January 31, 2019? (Hint: See the note about goodwill and intangibles.)

ANSWER:

a. They use the straight-line method, a quote from the note section "using the straight-line method to allocate the cost of assets"

b. Found in note 7. Property & Equipment

Cost

• January 31, 2018 = $1,063,353.00
• January 31, 2019 = $1,155,905.00

Accumulated Depreciation

• January 31, 2018 = $593,360.00
• January 31, 2019 = $640,959.00

Impairment Losses

• January 31, 2018 = $0.00
• January 31, 2019 = $0.00

Carrying Amount

• January 31, 2018 = $469,993.00
• January 31, 2019 = $514,946.00

c. $640,959.00 - $593,360.00 = $47,599.00 is the net difference, $52,169.00 is the reported amortization expense for 2019. The reason for the different values is the 2019 disposal and Effect of movements in foreign exchange.

d. yes $45,203 found in note 8.

e. The intangible assets reported are software, store banners, and other. No impairment losses for 2019, all found in note 8.

******REQUIREMENT IS TO MAKE A RELEVENT COMMENT AS PER THE ANSWER*******