Financial information for Buckle is presented in Appendix B$.$

Required:

$1-$a$.$ The summary of significant accounting policies is located in note A to the financial statements. Locate the section on property and equipment. What depreciation method does Buckle use?

$1-$b$.$ What are the estimated useful lives for property and equipment and for buildings?

$2-$a$.$ Find note E entitled Property and Equipment. What is the cost of property and equipment for the most recent year?

$2-$b$.$ What is the trend in property and equipment for the past two years?

$3.$ From the balance sheet, what two other types of long$-$term assets are listed?