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ACC 291 WEEK 2 Financial Reporting Problem, Apple Inc
ACC
291 WEEK 2 Financial Reporting Problem, Apple Inc
ACC
291 WEEK 2 Financial Reporting Problem, Apple Inc
Assignment
Steps
Resources: Financial Accounting: Tools for Business Decision Making
Note: The
financial statements of Apple, Inc. are presented
in Appendix A of Financial Accounting. Instructions
for accessing and using the company’s complete annual report, including the
notes to the financial statements, are also provided in Appendix A.
Complete a
1,050-word summary of findings and recommendations from the following
questions:
- What were the
total cost and book value of property, plant, and equipment at September
27, 2014?
- Using the notes to
find financial statements, what method or methods of depreciation are used
by Apple for financial reporting purposes?
- What was the
amount of depreciation and amortization expense for each of the three
years 2012-2014? (Hint: Use the statement of
cash flows).
- Using the
statement of cash flows, what are the amounts of property, plant, and
equipment purchased in 2014 and 2013?
- Using the notes to
the financial statements, explain in the summary how Apple accounted for
its intangible assets in 2014.
Use the
Week 2 Excel® spreadsheet to show your
work and submit with your APA formatted paper summary.
Click the
Assignment Files tab to submit your assignment.
ACC
291 WEEK 2 Financial Reporting Problem, Apple Inc
ACC
291 WEEK 2 Financial Reporting Problem, Apple Inc
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