Question: Companies are increasingly making their accounting information, especially their annual reports, available through their websites. Select a well-known publicly traded company and go to its website. Look for the investment section, and then click on annual reports. Select the most recent annual report. If you have difficulty, try another company. Answer the following questions based on the company's most recent annual report.
Required: 1. What is the official name of the company?
2. What is its fiscal year-end?
3. At the end of the year, what is the net balance in property, plant, and equipment? (Requirements 3 and 4 are reported in the balance sheet.)
4. Does the company have any intangible assets? If so, how much is reported for intangible assets?
5. What is the balance in accumulated depreciation? (This is either in the balance sheet or in a note about property, plant, and equipment.)
6. Which method of depreciation is used? (It's usually disclosed in the notes under summary of accounting policies.)