Refer to the financial statements and accompanying notes of American Eagle Outfitters given in Appendix B at the end of this book, or open file AEOS.pdf in the Annual Report Cases director} on the student CD-ROM.

Required: 1. What method of depreciation does the company use? 2. Whai is the amount of accumulated depreciation and amortization at the end of the current year? 3. For depreciation purposes, what is the estimated useful life of fixtures and equipment 4. What was the original cost of leasehold improvements owned by the company at the end of the current year? 5. What amount of depreciation and amortization was reported as expense for the current year? 6. What is the company's fixed asset turnover ratio? What does it suggest? 7. For each of the preceding questions, where did you locate the information?