Financial statement analysis: apple, inc.

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The  purpose of this assignment is to help you understand the basics of  financial statement analysis related to the assets section of the  balance sheet, data interpretation, and how financial information is  obtained to understand how a company accounts for its long-lived  assets. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making Note: The financial statements of Apple, Incare 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. 

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