please use Costco's annual report or financial statement to analysis the questions.
Property and Depreciation If material, separate categories of property, plant, and equipment should be disclosed. Identify the categories of property, plant, and equipment Corporations must disclose the depreciation method(s) used to value property, plant, and equipment (APB 12). In some cases, the corporations will use more than one depreciation method. What methods(s) is (are) used to depreciate property, plant, and equipment? Fixed Asset Group Depreciation Method SFAS 121 requires losses resulting from impairment of long-lived assets be charged against income. Did the corporation have any assets recognized as impaired during the current year? If so, what was the nature of the impaired assets and the amount charged against income to recognize the impairment? An approximation of the remaining usefulness of property, plant, and equipment may be determined by computing the percentage that assets are depreciated. The ratio is calculated by dividing accumulated depreciation by the gross depreciable fixed assets. Depreciable fixed assets do not include land or construction in progress. Percentage of Fixed Asset Depreciation Accumulated Depreciation Gross Depreciable Fixed Assets Calculate the percentage of fixed asset depreciation for the company in the current and previous year. Current Year Previous Year - % = % Property and Depreciation If material, separate categories of property, plant, and equipment should be disclosed. Identify the categories of property, plant, and equipment Corporations must disclose the depreciation method(s) used to value property, plant, and equipment (APB 12). In some cases, the corporations will use more than one depreciation method. What methods(s) is (are) used to depreciate property, plant, and equipment? Fixed Asset Group Depreciation Method SFAS 121 requires losses resulting from impairment of long-lived assets be charged against income. Did the corporation have any assets recognized as impaired during the current year? If so, what was the nature of the impaired assets and the amount charged against income to recognize the impairment? An approximation of the remaining usefulness of property, plant, and equipment may be determined by computing the percentage that assets are depreciated. The ratio is calculated by dividing accumulated depreciation by the gross depreciable fixed assets. Depreciable fixed assets do not include land or construction in progress. Percentage of Fixed Asset Depreciation Accumulated Depreciation Gross Depreciable Fixed Assets Calculate the percentage of fixed asset depreciation for the company in the current and previous year. Current Year Previous Year - % = %
