Question
Part I: American Eagle Outfitters, Inc. (Case AP7-2) 1. The summary of significant accounting polices is located in footnote 2 to the financial statements. Locate
Part I: American Eagle Outfitters, Inc. (Case AP7-2)
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?
Part II: The Buckle Inc. (Case AP7-3)
1. The summary of significant accounting polices is located in footnote A to the financial statements. Locate the section on property and equipment. What depreciation method does The Buckle use? What are the estimated useful lives for buildings, leasehold improvements, and property and equipment?
Compare and contrast both companies.
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