Go to www.intel.com to find Intels home page. Select Investor Relations from the bottom navigation menu. Then
Question:
Answer the following questions about Intel:
1. What is the nature of Intel’s operations? What type of property, plant, and equipment would you expect Intel to include in the account Property, Plant, and Equipment on its balance sheet?
2. In which section of its financial statements does Intel provide information on the method of depreciation used for property, plant, and equipment? What other disclosures concerning depreciable assets are available in this same location?
3. Does Intel have any intangible assets? Where in the footnotes does Intel provide information about the nature of any intangible assets? What type of intangibles does Intel hold? Does Intel amortize the intangibles? If so, what amortization method is used? How are intangible assets categorized on the balance sheet?
4. What does the amount listed on the balance sheet for Property, Plant, and Equipment represent—cost, market, or some other amount? If Intel purchases no additional property and equipment assets, what will happen to the net book value over time?
5. How much depreciation and amortization expense did Intel report, as shown in its most recent annual report? Why is this amount not obvious from looking at the income statement? Which financial statement provides the depreciation and amortization amount? Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
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