Question: Answer the following questions for both CVS and Rite Aid using the Annual reports for the most recent year: The annual reports can be found

Answer the following questions for both CVS and Rite Aid using the Annual reports for the most recent year: The annual reports can be found on the companies websites to answer these.

  • Discuss the types of PP&E, natural resources, and intangible assets your company has. Include amounts.
  • Explain the types of depreciation methods and useful lives the company uses for PP&E. How much depreciation expense did the company record? What is the total accumulated depreciation?
  • Does your company have depletion? Explain in detail (method, amount, useful life, etc.).
  • Does your company have amortization? Explain in detail (method, amount, useful life, etc.).
  • What types of investments does the company have? Include amounts.
  • Does the company have any research and development? If so, include the cost.
  • Does the company offer warranties? If so, discuss how much the company has expensed and recorded on the balance sheet as a liability.
  • Discuss any reasonably possible or probable contingencies the company has. Include amounts if available.

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1Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business combinations and is allocated to the appropriate reporting unit when acquired Other acquire... View full answer

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