You are considering investing the cash gifts you received for graduation in shares of various companies. You visit the websites of major companies, searching for relevant information.
Required:
For each of the following, indicate where you would locate the information in an annual report.
1. The detail on major classifications of non- current 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 property, plant, and equipment.
8. Accumulated depreciation of property, plant, and equipment at the end of the last fiscal year.