Question: Examine Note 15 to Shoppers' financial statements, which describes its property and equipment, and Note 17 on intangible assets , and respond to the following
Examine Note 15 to Shoppers' financial statements, which describes its property and equipment, and Note 17 on intangible assets, and respond to the following questions:
a. Describe the different categories of property and equipment Shoppers has. What do these assets contribute to Shoppers' business?
b. Describe the different categories of intangible assets Shoppers has.
c. What's the difference between property and equipment and intangible assets?
d. How much land did Shoppers dispose of in fiscal 2011?
e. What amount did Shoppers expense for property and equipment in fiscal 2011?
f. How much did Shoppers amortize for intangibles in total in fiscal 2011 and how much did it amortize for prescription files?
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