Question

Now that you understand how a company accounts for property and equipment, let’s review Ford Motor Company’s long-term assets. Go to http://corporate.ford.com / investors and click Reports & SEC Filings, then Annual Reports to access the 2010 Annual Report.
1. What are the property and equipment (P& E) categories that Ford Motor Company reported on its 2010 balance sheet? (Also see also note 14 in the notes to the financial statements.)
2. As of December 31, 2010, what was the total amount that the company had invested in property and equipment before accumulated depreciation was deducted?
3. What depreciation method(s) does Ford use? What are the estimated useful lives used for the buildings and land improvements and for the machinery and equipment?



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  • CreatedOctober 21, 2014
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