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Discussion Question Balance Sheet

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Finance
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DeVry University
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Discussion Question- Balance Sheet Evaluation
Student's First Name, Middle Initial(s), Last Name
Institutional Affiliation
Course Number and Name
Instructor's Name and Title
Assignment Due Date

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Discussion Question- Balance Sheet Evaluation
The public traded company selected for this discussion is Apple. Inc. A balance sheet of
the period ended 26 September 2020 was selected to evaluate the balance sheet's Property, plant,
and equipment section (Apple Inc. (NASDAQ:AAPL) | Property, Plant and Equipment, 2021).
Some of the item assets listed in the Property, plant, and equipment section include land
and buildings, machinery, equipment, internal-use software, and leasehold improvements. For
this discussion, the leasehold improvement item is selected (International Monetary Fund., &
International Monetary Fund, 2017).
The determination of the leasehold improvement costs to be reported in the balance sheet
follows a somewhat strict process that includes meeting all the basic requirements as enshrined
by the Internal Revenue Service. The improvement needs to be made to a building or a section of
the building which a business or organization occupies. Further, the improvement must happen
in a period not less than three years after the building was leased and first used by anyone.
Notably, some of the costs pegged on leasehold improvement items include interior partitions
that can be either glass, metal, or drywall (How to Calculate Rental Income Percentage
Deduction, 2021). Others include carpentry, paint, steel, and metal fabrication.

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1 Discussion Question- Balance Sheet Evaluation Student's First Name, Middle Initial(s), Last Name Institutional Affiliation Course Number and Name Instructor's Name and Title Assignment Due Date 2 Discussion Question- Balance Sheet Evaluation The public traded company selected for this discussion is Apple. Inc. A balance sheet of the period ended 26 September 2020 was selected to evaluate the balance sheet's Property, plant, and equipment section (Apple Inc. (NASDAQ:AAPL) | Property, Plant and Equipment, 2021). Some of the item assets listed in the Property, plant, and equipment section include land and buildings, machinery, equipment, internal-use software, and leasehold improvements. For this discussion, the leasehold improvement item is selected (International Monetary Fund., & International Monetary Fund, 2017). The determination of the leasehold improvement costs to be reported in the balance sheet follows a somewhat strict process that includes meeting all the basic requirements as enshrined by the Internal Revenue Service. The improvement needs to be made to a building or a section of the building which a business or organization occupies. Further, the improvement must ...
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