Choose a company, as directed by your instructor.

Required 

a. Use the consolidated statements of financial position and the notes to the financial statements to prepare an analysis of property, plant, and equipment. First, list the beginning and ending amounts in the various property, plant, and equipment and accumulated depreciation accounts, and then calculate the net change, in both dollar and percentage terms, for the most recent year. 

b. If any of the amounts in part (a) have changed by more than 10%, provide an explanation for this change. 

c. What percentage of the company’s total assets is invested in property, plant, and equipment? Has this percentage changed significantly during the most recent year? 

d. What depreciation method(s) does the company use? e. Determine the following ratios for the company: 

i. Average age percentage 

ii. Average age 

iii. Fixed asset turnover 

Remember that depreciation expense may not be separately disclosed in the statement of earnings but will usually appear in the statement of cash flows. Compare your results with any information disclosed in the notes. Do these results make sense? f. Does the company have any significant intangible assets? If so, describe each of them and the company’s amortization policies related to them.