Questions:
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The financial statements of Marks and Spencer plc (M&S) are available at the book's companion website or can be accessed at
https://corporate.marksandspencer.com/investors/b78e6f56a12d4fc3abacfe70e945c28c
Instructions
Refer to M&S's financial statements and the accompanying notes to answer the following questions.
(a) What descriptions are used by M&S in its statement of financial position to classify its property, plant, and equipment?
(b) What method or methods of depreciation does M&S use to depreciate its property, plant, and equipment?
(c) Over what estimated useful lives does M&S depreciate its property, plant, and equipment?
(d) What amounts for depreciation and amortization expense did M&S charge to its income statement in 2012 and 2011?
(e) What were the capital expenditures for property, plant, and equipment made by M&S in 2012 and 2011?