The financial statements of Marks and Spencer plc (M&S) are available at the books companion website or
Question:
The financial statements of Marks and Spencer plc (M&S) are available at the book’s companion website or can be accessed at http://annualreport.marksandspencer.com/_assets/downloads/Marks-and-Spencer-Annual-report-and-financial-statements-2012.pdf.
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 and amortization expense did M&S charge to its income statement in 2012 and 2011?
(e) What were the capital expenditures for property, plant, and equipment made by M&S in 2012 and 2011?
Step by Step Answer:
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield