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10)For this question you must use the excerpts from the financial Statements of Campbell Soup Company, found inAppendix 2.

1. Look at Campbell's Balance Sheet. Are you able to determine the specific kinds of depreciable assets Campbell's owns? Why or why not?
3. Does Campbell's have any intangible assets? If so, how are these assets listed?
5. What is goodwill?
7. Behind Campbell's financial statements you will see a few pages of information. This information is known as thenotesto the financial statements. The pages in your file only represent a small portion of the total notes to Campbell's statements. The notes to these financial statements contain important information that is not, or cannot, be disclosed on the financial statements themselves.
8. Look on the first page of Campbell's notes, in the "property, plant and equipment" section.Noware you able to determine the specific kinds of depreciable assets Campbell's owns? What are these assets?
10. What depreciation method does Campbell's use? How long do Campbell's depreciable assets last?
12. Look on the second page of Campbell's notes. How does Campbell's treat advertising and research and development costs? Is this an appropriate treatment under GAAP?

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