Refer to Indigo Books & Music Inc.'s financial statements in Appendix A at the end of this

Question:

Refer to Indigo Books & Music Inc.'s financial statements in Appendix A at the end of this book and on My Accounting Lab to answer the following questions:

1. With respect to PPE, which amortization/depreciation method does Indigo use for the purpose of reporting to shareholders and creditors in the financial statements? What rates are used, and where did you find your answer?

2. What was the total amount of depreciation expense for 2014 as shown in Note 8?

3. Indigo lists intangible assets on the balance sheet. Where do you find more information about them? What types of intangible assets does Indigo have?

4. Note 4, "Significant Accounting Policies" in the notes to the financial statements includes the subsection "Impairment Testing." Explain the meaning of this subsection, and give an example of when it is used.

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...