Question
Obtain your approved Fortune 500 companys most recent 10-K report at www.sec.gov Edgar system. (Do not use abbreviated financial statements from a financial website; you
Obtain your approved Fortune 500 companys most recent 10-K report at www.sec.gov Edgar system. (Do not use abbreviated financial statements from a financial website; you will need the Notes to the Financial Statements.)Attach or imbed ONLY the financial statements (or partial statements) and Notes that you used to respond to the questions below and support your answers. Highlight relevant details. Property, plant and equipment: a. What types of assets does the company record as PP&E? How are these assets useful and necessary to further the companys operations? b. Does the company have any long-term tangible assets that are not currently used in operations, so not included in PP&E? Where are they reported? c. Does the company have any of the more unusual assets described in this chapter: natural resources, construction in process, etc.? d. Compute the Return on Assets (ROA) for two years. How would you assess your companys ROA. Depreciation, impairment and depletion: e. What method(s) of depreciation does the company use? Why do you think there are differences between methods used for different asset classes? Does the company report any changes in depreciation methods? f. In the periods reported, has the company recorded any asset impairments? g. Can you assess the approximate age of asset classes from the depreciation method and balance of accumulated depreciation? Intangible assets: h. What types of intangible assets does the company record? Does the company record goodwill? What is the source of goodwill? i. Which of the intangible assets are amortized and how is the amortization reported? Has the company recorded any impairment of intangible assets in the periods reported? j. Does the company describe unreported intangible assets? How do these unreported intangible assets impact the market value of the firm?
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