CanWest Global Communications Corp. is a diversified Canadian communications and media company, providing consumers with broadband cable television, high- speed Internet, home phone, telecommunications, and satellite direct- to- home services. CanWest was acquired by Shaw Communications Inc. in 2010. Selected data from a recent annual report are as follows (in millions of dollars):

Required:
1. Compute the cost of the property, plant, and equipment at the end of the current year. Explain your answer.
2. What is your best estimate of the average expected life of CanWest€™s property, plant, and equipment? What was the approximate age of the property, plant, and equipment at the end of the current year? Assume that CanWest uses straight- line depreciation.
3. Compute the fixed asset turnover ratio for the current year. Explain your results.
4. Compute an estimate of the amortization expense of intangible assets with finite lives for the next year.
5. On the consolidated statement of cash flows, why are the depreciation and amortization amounts added to net earnings for the year?

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t, and intangibles Current Year Prior Year From the consolidated statement of financial position and notes Property, plant, and equipment, net Intangible assets with indefinite lives Intangible assets with finite lives, net From the consolidated statement of earnings $3,242 7,622 469 $3,200 7,599 419 $4,988 From the consolidated statement of cash fiows Net eamings for the year Adjustments $4,741 $470 604 761 Depreciation of property, plant, and equipment Amortization of intangible assets Other adjustments, net 643 447 9534 405 Cash provided by operations From the notes to the financial statements Accumulated depreciation on property and equipment $2,967 $2,963