You are considering investing the cash gifts you received for graduation in various stocks. You have received several annual reports of major companies.

Required:

For each of the following, indicate where you would locate the information in an annual report (Hint:

The information may be in more than one location): 1. The detail on major classifications of long-lived assets. 2. The accounting method(s) used for financial reporting purposes. 3. Whether the company has had any capital expenditures for the year. 4. Net amount of property, plant, and equipment. 5. Policies on amortizing intangibles. 6. Depreciation expense. 7. Any significant gains or losses on disposals of fixed assets. 8. Prior year's accumulated depreciation. 9. The amount of assets written off as impaired during the year.