Purpose: Use an annual report to identify a company”s plant assets and the depreciation method used. Address: www.annualreports.com, or go to www.wiley.com/college/kimmel
Steps
1. Select a particular company.
2. Search by company name.
3. Follow instructions below.
Instructions
Answer the following questions.
(a) What is the name of the company?
(b) What is the Internet address of the annual report?
(c) At fiscal year-end, what is the net amount of its plant assets?
(d) What is the accumulated depreciation?
(e) Which method of depreciation does the company use?
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