Using the financial statements of Leon’s Furniture Limited and Shoppers Drug Mart Corporation in Appendixes B and C, answer the following questions:
1. What depreciation methods are used for property, plant, and equipment assets?
2. What depreciation methods are used for intangible assets?
3. Did either company value any of its long-term assets at fair value?
4. Has either company recorded an impairment loss for any of its long-term assets in the past? In this year?