Question: 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

 Financial information for Buckle is presented in Appendix B. Required: 1-a.

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 entutled 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? Complete this question by entering your answers in the tobs below. From the balance shoet, what two other types of long term assets are listed? Note: Select all that apply. 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 entutled 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? Complete this question by entering your answers in the tobs below. From the balance shoet, what two other types of long term assets are listed? Note: Select all that apply

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