The financial statements of Apple Inc. are presented in Appendix A. The complete annual report, including the notes to the financial statements, is available at the company’s website.
Instructions
Answer the following questions.
a. What were the total cost and book value of property, plant, and equipment at September 29, 2018?
b. Using the notes to the financial statements, what method or methods of depreciation are used by Apple for financial reporting purposes?
c. What was the amount of depreciation and amortization expense for each of the 3 years 2016–2018? (Hint: Use the statement of cash flows.)
d. Using the notes to the financial statements, explain how Apple accounted for its intangible assets in 2018.
