AMERICAN EAGLE OUTFITTERS, INC. APPENDIX A American Eagle Outfitters, Inc., 2020 Annual Report AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Operations AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Comprehensive Income Refer to Notes to Consolidated Financial Statements 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? 1-b. What are the estimated useful lives for buildings and for fixtures and equipment? 2-a. Find note 7 for Property and Equipment. What are the cost and the book value of property and equipment for the most recent year? 2-b. What is the trend in depreciation expense for the past three years? 3-a. Find note 8 for Intangible Assets. What intangible asset is listed? 3-b. What are listed as the cost and the book value of intangible assets for the most recent year? 3-c. What is the trend in amortization expense for the past three years? Complete this question by entering your answers in the tabs below. What are the estimated useful lives for buildings and for fixtures and equipment? Find note 7 for Property and Equipment. What are the cost and the book value of property and equipment for the most recent year? Note: Enter answers in thousands of dollars. What are listed as the cost and the book value of intangible assets for the most recent year? Note: Enter answers in thousands of dollars. AMERICAN EAGLE OUTFITTERS, INC. APPENDIX A American Eagle Outfitters, Inc., 2020 Annual Report AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Operations AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Comprehensive Income Refer to Notes to Consolidated Financial Statements 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? 1-b. What are the estimated useful lives for buildings and for fixtures and equipment? 2-a. Find note 7 for Property and Equipment. What are the cost and the book value of property and equipment for the most recent year? 2-b. What is the trend in depreciation expense for the past three years? 3-a. Find note 8 for Intangible Assets. What intangible asset is listed? 3-b. What are listed as the cost and the book value of intangible assets for the most recent year? 3-c. What is the trend in amortization expense for the past three years? Complete this question by entering your answers in the tabs below. What are the estimated useful lives for buildings and for fixtures and equipment? Find note 7 for Property and Equipment. What are the cost and the book value of property and equipment for the most recent year? Note: Enter answers in thousands of dollars. What are listed as the cost and the book value of intangible assets for the most recent year? Note: Enter answers in thousands of dollars