• What were the total cost and book value of property, plant, and equipment at September 27, 2014?
• Using the notes to find financial statements, what method or methods of depreciation are used by Apple for financial reporting purposes?
• What was the amount of depreciation and amortization expense for each of the three years 2012-2014? (Hint: Use the statement of cash flows).
• Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased in 2014 and 2013?
• Using the notes to the financial statements, explain in the summary how Apple accounted for its intangible assets in 2014.

Name Section Date Chapter 9 Financial Reporting Problem Apple Inc. (a) (b) (c) (d) (e) 531 531 cial Reporting Problem Apple Inc. 531 531 University of Phoenix: Financial Accounting: Tools for Business Decision Making 9/1712017 PRINTED BY: chebertlg?s@emalLphoenix.edu. Printing is for personat, private use oflly. No part of this book may be rqnoduced or transmitted without publishels prior permission. Violators will be prosecuted. ers and other interested parties by issuing a complete set of audited financial statements. The annual report, as this communication is calIed, summarizes the financial results of the companyrs operations for the year and its plans for the future. Many annual reports are attractive, multicolored, glossy public relations pieces, containing pictures of corporate officers and direetors as well as photos and descriptions of new products and ner,v buildings, Yet the basic function of every annual report is to replrt financial information, almost all of which is a product of the corporation's accounting system. The eontent and organization of eorporate annual reports havebecome tairly standardizedExcluding the public relations part of the report (pictures, products, etc.), the following are the traditional financial portions of the anuual report: . Financial Highlights . Letterto the Stockholders . Management's Discussion and Analysis . Financial Statements . Notes to the Financial Statements r Management's Responsibility for Financial Reporting . Mauagement's Reporton Internal Control over Finaucial Reporting . Report of Independent Registered PublicAccounting Firm . Seleeted Financial Data The official SEC fiIing of the annual report is called a Form lo-K whieh often omits the public relations pieces found in most standard annual reports. On the following pages, we present Apple fne.'s financial statements taken from the companls zor4 Form ro-K To access Apple's Form 1o-K including notes to the financial statements, followthese steps: I Go to http://investor.apple.com. z. Select the Financial Inforrnation tab. 3. 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