The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the

Question:

The financial statements of P&G are presented in Appendix B. The company’s complete annual report, including the notes to the financial statements, is available online.

Instructions

Refer to P&G’s financial statements and the accompanying notes to answer the following questions.

a. What descriptions are used by P&G in its balance sheet to classify its property, plant, and equipment?

b. What method or methods of depreciation does P&G use to depreciate its property, plant, and equipment?

c. Over what estimated useful lives does P&G depreciate its property, plant, and equipment?

d. What amounts for depreciation and amortization expense did P&G charge to its income statement in 2017, 2016, and 2015?

e. What were the capital expenditures for property, plant, and equipment made by P&G in 2017, 2016, and 2015?

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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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