The financial statements of Samsung are presented in Appendix A. The notes to the financial statements appear

Question:

The financial statements of Samsung are presented in Appendix A. The notes to the financial statements appear in the 2010 annual report, which can be found in the Investor Relations section of the company’s website, www.samsung,com.

Instructions
Refer to Samsung’s financial statements and answer the following questions.
(a) What was the total cost and book value of property, plant, and equipment at December 31, 2010?
(b) What method or methods of depreciation are used by the company for financial reporting purposes?
(c) What was the amount of depreciation expense for each of the years 2010 and 2009?
(d) Using the statement of cash flows, what is the amount of capital spending in 2010 and 2009?
(e) Where does the company disclose its intangible assets, and what types of intangibles did it have at December 31, 2010?

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...

Fantastic news! We've Found the answer you've been seeking!