Refer to the financial statements and the Notes to Consolidated Statements for Corus Entertainment Inc., which are reproduced in Appendix A.

Instructions

(a) For each type of property and equipment that Corus re- ports in note 6 to its consolidated statement of financial position, identify the following amounts at August 31, 2014: (1) cost, (2) accumulated depreciation, and (3) net carrying amount.

(b) For the broadcast licences (intangible asset) and goodwill that Corus reports in note 9 and in its consolidated statement of financial position, identify the following amounts at August 31, 2014: (1) cost, (2) impairments, and (3) net carrying amount.

(c) Refer to note 6 again and identify the amount of disposals and retirements for the fiscal year ended August 31, 2014.

(d) What total amount did Corus report for depreciation and amortization expense?

(e) Note3includesadditionaldetailsregardingproperty, plant, and equipment accounting policies. Read the note and answer the following questions:

1. Does Corus use the cost model or revaluation model for property, plant, and equipment?

2. What depreciation method does Corus use for these assets?

3. For each property, plant, and equipment asset, identifies the estimated useful life ranges used by Corus for depreciation.

4. When does Corus derecognize assets and how does it calculate gains and losses?