The financial statements of TSMC are presented in Appendix A. The notes to the financial statements appear

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The financial statements of TSMC are presented in Appendix A. The notes to the financial statements appear in the 2013 annual report, which can be found in the Investors section of the company's website, www.tsmc.com.
Instructions
Refer to TSMC's financial statements and answer the following questions.
(a) What was the total cost and book value of property, plant, and equipment at December 31, 2013?
(b) What method or methods of depreciation are used by the company for financial reporting purposes?
(c) What was the amount of depreciation expense for each of the years 2013 and 2012?
(d) Using the statement of cash flows, what is the amount of capital spending in 2013 and 2012?
(e) Where does the company disclose its intangible assets, and what types of intangibles did it have at December 31, 2013?
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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