What amount of property, plant, and equipment does TELUS report on its December 31, 2011 balance sheet? What does the amount on the balance sheet represent (how would you explain what the amount means to a novice user of financial statements)? What proportion of TELUS' assets are capital assets? Why do you think the proportion and amount is so large? (When you answer, consider the nature of the business.) What was the net realizable value of TELUS' property, plant, and equipment on December 31, 2011?
Answer to relevant QuestionsHow much property, plant, and equipment has TELUS contractually committed to purchase through 2013? How are these assets reflected on the December 31, 2011 balance sheet? Do you think this is an appropriate way to account ...How does TELUS account for purchases of new property, plant, and equipment on its balance sheet? What method(s) does TELUS use to depreciate its property, plant, and equipment? What was TELUS' depreciation expense for ...Why is the current portion of long-term debt classified separately as a current liability? What would the impact on users of the financial statements be if the current portion wasn't reported separately? Why is it necessary to estimate many liabilities? Provide some examples of liabilities that must be estimated.How do bond discounts and premiums affect an entity's interest expense? Explain.
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