The financial statements of M&S (GBR) are presented in Appendix A. The companys complete annual report, including

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The financial statements of M&S (GBR) are presented in Appendix A. The company’s complete annual report, including the notes to the financial statements, is available online.

Instructions Refer to M&S’s financial statements and the accompanying notes to answer the following questions.

(a) What descriptions are used by M&S in its statement of financial position to classify its property, plant, and equipment?

(b) What method or methods of depreciation does M&S use to depreciate its property, plant, and equipment?

(c) Over what estimated useful lives does M&S depreciate its property, plant, and equipment?

(d) What amounts for depreciation expense did M&S charge to its income statement in 2013 and 2012?

(e) What were the capital expenditures for property, plant, and equipment made by M&S in 2013 and 2012?

Data From Appendix A 

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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