Financial information for American Eagle is presented in Appendix A Required: 1-a. The summary of significant accounting policies is located in note 2 to the financial statements. Locate the section on property and equipment. What depreciation method does American Eagle use? Hed Straight-line method Double-declining method Both straight line and accelerated methods 1-b. What are the estimated useful lives for buildings and for fixtures and equipment? Buildings Fixtures and equipment 25 5 years years 2-a. Find note 7 for Property and Equipment. What are the cost and the book value of property and equipment for the year 2018? (Enter answers in thousands of dollars.) and the book value The cost of property and equipment is 2-b. What is the trend in depreciation expense for the past three years? Increase Decrease 3-a. Find note 8 for Intangible Assets. What intangible asset is listed? Trademarks Goodwill Increase Decrease 3-a. Find note 8 for Intangible Assets. What intangible asset is listed? Trademarks Goodwill 3-b. What are listed as the cost and the book value of intangible assets for the year 2018? (Enter answers in thousands of dollars.) The cost is and the book value is 3-c. What is the trend in amortization expense for the past three years? Increase Decrease Financial information for American Eagle is presented in Appendix A Required: 1-a. The summary of significant accounting policies is located in note 2 to the financial statements. Locate the section on property and equipment. What depreciation method does American Eagle use? Hed Straight-line method Double-declining method Both straight line and accelerated methods 1-b. What are the estimated useful lives for buildings and for fixtures and equipment? Buildings Fixtures and equipment 25 5 years years 2-a. Find note 7 for Property and Equipment. What are the cost and the book value of property and equipment for the year 2018? (Enter answers in thousands of dollars.) and the book value The cost of property and equipment is 2-b. What is the trend in depreciation expense for the past three years? Increase Decrease 3-a. Find note 8 for Intangible Assets. What intangible asset is listed? Trademarks Goodwill Increase Decrease 3-a. Find note 8 for Intangible Assets. What intangible asset is listed? Trademarks Goodwill 3-b. What are listed as the cost and the book value of intangible assets for the year 2018? (Enter answers in thousands of dollars.) The cost is and the book value is 3-c. What is the trend in amortization expense for the past three years? Increase Decrease