The financial statements of Tootsie Roll are presented in Appendix D. 

Instructions
Use the company’s financial statements and notes to the financial statements, available at www. tootsie.com, to answer the following questions.
(a) What were 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 Tootsie Roll for financial reporting purposes?
(c) What was the amount of depreciation and amortization expense for each of the 3 years 2008–2010? (Hint: Use the statement of cash flows.)
(d) Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased (capital expenditures) in 2010 and 2009?
(e) Explain how Tootsie Roll accounted for its intangible assets in 2010.