Obtain the 2013 financial statements for Thomson Reuters Corporation either from the companys website or from SEDAR

Question:

Obtain the 2013 financial statements for Thomson Reuters Corporation either from the company’s website or from SEDAR (www.sedar.com).

Required:
a. What are the major categories of PPE that the company owns?
b. On what basis does the company report its PPE (cost or revaluation)? What method of depreciation does the company use? What are the estimated useful lives for the different categories of PPE?
c. Using depreciation information, estimate the average age of assets at the end of 2013 as a percentage of estimated useful life. Do this for each of the three categories of PPE.
d. Using depreciation information, estimate the average useful life of computer hardware used by the company in 2013. Why might this estimate be inaccurate in this situation?

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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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