ACC 291 Week 2 Assignment Help | University Of Phoenix
- University of Phoenix / ACC 291
- 09 Aug 2020
- Price: $8
- Other / Other
ACC 291 Week 2 Assignment Help | University Of Phoenix
Financial Reporting Problem, Apple Inc.
Purpose of Assignment
The purpose of this
assignment is to help you understand the basics of financial statement analysis
related to the assets section of the balance sheet, data interpretation, and
how financial information is obtained to understand how a company accounts for its
long-lived assets.
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 summary.
Click the Assignment Files
tab to submit your assignment.
USA 
India