The financial statements of M&S (GBR) are presented in Appendix 11A. The company's complete annual report, including the notes to the financial statements, is available online.
Instructions
Refer to M'S's financial statements and the accompanying notes to answer the following questions.
a. What descriptions are used by M&S in its statement of financial position to classify its property, plant, and equipment?
b. What method or methods of depreciation does M&S use to depreciate its property, plant, and equipment?
c. Over what estimated useful lives does M&S depreciate its property, plant, and equipment?
d. What amounts for depreciation expense did M&S charge to its income statement in 2016 and 2015?
e. What were the capital expenditures for property, plant, and equipment made by M&S in 2016 and 2015?