Refer to TELUS'S financial statements in Appendix A at the end of the book, and answer the

Question:

Refer to TELUS'S financial statements in Appendix A at the end of the book, and answer the following questions:

1. How much was TELUS's depreciation and amortization expense during fiscal year 2011? How much was TELUS's accumulated depreciation and amortization at the end of year 2010? Explain why accumulated depreciation and amortization exceeds depreciation and amortization expense for the year 2011.

2. Explain why TELUS adds depreciation and amortization expenses back to net income in the computation of net cash from operating activities.

3. Does TELUS have any goodwill? In 2011, was amortization on goodwill charged? TELUS describes intangible assets. What are they? How much amortization of intangible assets did TELUS record in 2011?

Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of... 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...