The financial statements of Apple, Inc. are presented in Appendix A of Financial Accounting

The financial statements of Apple, Inc. are presented in Appendix A of Financial Accounting

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The financial statements of Apple, Inc. are presented in Appendix A of Financial Accounting. Instructions for accessing and using the company's

 

Assignment Steps 

Resources: Financial AccountingTools for Business Decision Making 

NoteThe financial statements of AppleIncare presented in Appendix A of Financial AccountingInstructions for accessing and using the company's complete annual reportincluding the notes to thefinancial statementsare 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 propertyplantand equipment at September 27, 2014?
• Using the notes to find financial statementswhat method or methods of depreciation are used by Apple for financialreporting purposes?
• What was the amount of depreciation and amortization expense for each of the three years 2012-2014? (HintUsethe statement of cash flows).
• Using the statement of cash flowswhat are the amounts of propertyplantand equipment purchased in 2014 and2013?
• Using the notes to the financial statementsexplain in the summary how Apple accounted for its intangible assets in2014. 

Use the Week 2 Excel® spreadsheet to show your work and submit with your summary.


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