What were the total cost and book value of property plant and equipment at September 27 2014


Question Description

Purpose of Assignment

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, 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.

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

Tutor Answer

School: New York University

hello, find the attached files here in they are the final answers. Pleasure working with you


Financial Statement Analysis: Apple, Inc.
Name of Student
Name of Professor
Course No. and Title
Date Submitted

Long lived assets are an integral part of any company to perform its business operations.
They include property, plant and equipment, goodwill, leasehold improvements, etc. They help
increase the capacity of earnings. They are shown in the right side of the balance sheet under the
list of the non-current assets. Depreciation on these assets is charged for to decrease in the value
due to use or on the basis of time. Some of the long lived assets are amortized or impaired for
losses. This paper focuses on the cost and book value of property, plant and equipment and other
long lived assets of Apple, Inc.
Property, Plant and Equipment
Total Cost and Book Value
Total cost of property, plant and equipment as of September 27, 2014 was $39,015
million. The cost for the fiscal year ended September 28, 2013 was $28,519 million. It shows
that the property, plant and equipment increase by $10,496 million or 36.80% during fiscal year
2014. The cost of land and building was $3,309 million for the fiscal year 2013. It increased by
$1,554 million or 46.96% in the year 2014. The cost of land and building as of September 27,
2014 stood at $4,863. The cost of equipment and machinery and internal use was $21,242
million for the fiscal year 2013 and it increased by $8,397 million or 39.53% during the fis...

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