spiceland_fin6e_app_a.pdf (mheducation.com)

1-a. The summary of significant accounting policies is located in note 2 to the financial statements. Locate the section on property and equipment. What depreciation method does American Eagle use?

1-b. What are the estimated useful lives for buildings and for fixtures and equipment?

2-a. Find note 7 for Property and Equipment. What are the cost and the book value of property and equipment for the most recent year?

2-b. What is the trend in depreciation expense for the past three years?

3-a. Find note 8 for Intangible Assets. What intangible asset is listed?

3-b. What are listed as the cost and the book value of intangible assets for the most recent year?

3-c. What is the trend in amortization expense for the past three years?