Question: Use the selection from Books A Million s annual report in Appendix A

Use the selection from Books-A-Million’s annual report in Appendix A at the back of the book to help you answer the following questions:
1. What type of depreciable assets does Books-A-Million have? What methods does the company use to depreciate these assets?
2. Does Books-A-Million have any intangible assets? What are they and how does the company account for them?
3. What can you tell about the age and/or condition of Books-A-Million’s property and equipment? Is the company continuing to invest in property, plant, and equipment?
4. Is the company making good use of its assets? How can you evaluate this?

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