Discussion:
Go to the InvestorsTab at the top of the PepsiCo, Inc.web site at https://www.pepsico.com and retrieve the 2016Annual Report‘Full Report' in PDF format - NOT the interactive version.
Required:
1. Indefinite-lived intangible assets and goodwill are assessed for impairment at least annually, when is this annual assessment performed?
2. What average useful lives does the company use for the depreciation of its property, plant and equipment?
3. What depreciation method does the company use?
4. How much depreciation expense did the company recognize for2016 and 2015?
5. List all types of intangible assets that the company hasreported at the end of 2016.
6. Which of the above intangible assets is the company amortizing?
7. How much amortization expense did the company recognize for 2016 and 2015?
8. What is the projected amortization expense expected to be for 2017?
9. What was the charge to income in connection withthe required annual evaluation for impaired intangible assets for goodwill the years presented?
10. List the names (titles) of the financial statements and the footnotes (by number and name) and any other parts of the annual report used in researching your answer.