The financial statements of P&G are presented in Appendix 5B. The company’s complete annual report, including the notes to the financial statements, can be accessed at the book’s companion website, www. wiley.com/college/kieso.

Instructions
Refer to P&G’s financial statements and the accompanying notes to answer the following questions.
(a) What descriptions are used by P&G in its balance sheet to classify its property, plant, and equipment?
(b) What method or methods of depreciation does P&G use to depreciate its property, plant, and equipment?
(c) Over what estimated useful lives does P&G depreciate its property, plant, and equipment?
(d) What amounts for depreciation and amortization expense did P&G charge to its income statement in 2011, 2010, and 2009?
(e) What were the capital expenditures for property, plant, and equipment made by P&G in 2011, 2010, and 2009?