Exhibit 10.2 presents a partial balance sheet for Comerica Mills, Inc., a consumer foods processing company, for its fiscal years ending May 28, 2012, and May 27, 2013.

a. Comerica Mills is not in the business of developing computer software. Why then does computer software appear as an asset on its balance sheet?
b. Is it likely that Comerica Mills recognizes depreciation on its computer software?
Explain.
c. Comerica Mills computes depreciation on its depreciable assets using the straight-line method and recognized depreciation of $421 million during fiscal 2013. Compute the average total life and the average age of depreciable assets for fiscal 2013.
d. Did Comerica Mills likely dispose of any depreciable assets during fiscal 2013? Explain.
e. Does Comerica Mills appear to be a firm that primarily grows by internal expansion or by acquiring other consumer foods companies? Explain.
f. Is it likely that Comerica Mills made a corporate acquisition during fiscal 2013? Explain.
g. What is Comerica Mills€™s likely rationale for treating patents and trademarks as intangibles subject to amortization?
h. What is Comerica Mills€™s likely rationale for treating brand names as an intangible not subject to amortization?
i. The income statement of Comerica Mills (not shown) reports Interest Expense€”Net.
Based on the information in Exhibit 10.2, what item has Comerica Mills likely netted against interestexpense?

Partial Balance Sheet for Hargon, Inc (all dollar amounts in millions) EXHIBIT 10.3 December 31, 2013 December 31, 2012 Current Assets Land. $11,712 398 $9,235 294 2,485 3,584 958 7,321 (2.283) Construction in Progress.^.... Total Land, Buildings, and Equipment. .. 4,243 1,271 8,688 Total Land, Buildings, and Equipment Net.5,921 Intangibles Subject to Amortization: Developed Product Technology....2,877 3,077 1,348 190 190 350 454 Total Intangibles Subject to Amortization....5,219 1,472 3,747 Goodwill OWCPRW..AP11,302 1,106 335 4,950 1,208 3,742 10,495 787 $29,297 Less Accumulated Amortization. . .. Total Intangibles Subject to Amortization Net..