Question: Use the notes to financial statements to answer the following questions (the information can usually be found in note 1): 1. Find the heading Property

Use the notes to financial statements to answer the following questions (the information can usually be found in note 1):

1. Find the heading Property and Equipment. What depreciation method does Best Buy use for property and equipment? What is the range of useful lives for buildings and for fixtures and equipment? Do these useful lives make sense?

2. Find the heading Goodwill. What type of an asset is goodwill? Does Best Buy write off this asset? Explain what the company does.

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