Use the selection from Books-A-Millions annual report in Appendix A at the back of the book to

Question:

Use the selection from Books-A-Million’s annual report in Appendix A at the back of the book to help you answer the following questions:

1. What type of depreciable assets does Books-A-Million have? What methods does the company use to depreciate these assets?

2. Does Books-A-Million have any intangible assets? What are they and how does the company account for them?

3. What can you tell about the age and/or condition of Books-A-Million’s property and equipment? Is the company continuing to invest in property, plant, and equipment?

4. Is the company making good use of its assets? How can you evaluate this?

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...