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Review the financial statements, including any notes and supplemental information, and answer the following questions. Indicate where you found the answer to the questions. If calculations are required, show your work. Fixed Assets and Intangibles 1. 2. 3. 4. 5. 6. 7.
How are plant and equipment recorded? How are leasehold improvements accounted for? How are assets depreciated? How is impairment determined and were there any impairments reported? Were any new stores added and if yes, where. Were any stores or facilities closed and if yes, where. How is goodwill accounted for? Was the carrying value of goodwill written down in the past two years? 8. Have any recent pronouncements affected the accounting for property, plant, and equipment and/ or intangibles?