Part I: American Eagle Outfitters, Inc. 1. The summary of significant accounting polices is located in footnote 2 to the financial statements. Locate the section on property and equipment. What depreciation method does American Eagle use? What are the estimated useful lives for buildings, leasehold improvements, and fixtures and equipment? 2. Find footnote 7 entitled Property and Equipment. What are the cost and the book value of property and equipment? What is the trend in depreciation expense for the past three years? 3. Find footnote 8 for Intangible Assets. What intangible asset is listed? What are listed as the cost and the book value of intangible assets for the most recent year? What is the trend in amortization expense for the past three years