Financial Reporting Problem, Apple Inc.

    There are 2 parts to this assignment  1) is the worksheet that needs to be filled out ( which I have uploaded for you ) and 2) is  1,050-word analysis to be done on a separate word document. You will also need  my log info to have access to the Financial Accounting Appendix A which I will provide for you 

    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. 

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