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Refer to Apple's financial statements in Appendix A to answer the following. Required: 1. What percent of the original cost of Apple's Property. Plant and Equipment account remains to be depreciated as of (a) September 30, 2017, and (b) September 24, 2016? Assume these assets have no salvage value and the entire account is depreciable. Hint: Accumulated Depreciation is listed under "Property, Plant and Equipment in the notes to Apple's financial statements in Appendix A. 2. Much research and development is needed to create the next iPhone. Does Apple capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred? 3. Compute Apple's total asset turnover for the year ended (a) September 30, 2017, and (b) September 24, 2016. Assume total assets at September 26, 2015, are $290,345 ($ millions). 4. Using the results in part 3, is Apple's asset turnover on a favorable or unfavorable trend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What percent of the original cost of Apple's Property, plant and Equipment account remains to be depreciated as of (a) September 30, 2017, and (b) September 24, 2016? Assume these assets have no salvage value and the entire account is depreciable. Hint: Accumulated Depreciation is listed under "Property, Plant and Equipment" in the notes to Apple's financial statements in Appendix A. (Round your answers to 1 decimal place.) Show less % of Original Cost (a) September 30, 2017 (b) September 24, 2016 Refer to Apple's financial statements in Arpendix A to answer the following. Required: 1. What percent of the original cost of Apple's Property. Plant and Equipment account remains to be depreciated as of (a) September 30, 2017, and (b) September 24, 2016? Assume these assets have no salvage value and the entire account is depreciable. Hint: Accumulated Depreciation is listed under "Property, Plant and Equipment in the notes to Apple's financial statements in Appendix A. 2. Much research and development is needed to create the next iPhone. Does Apple capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred? 3. Compute Apple's total asset turnover for the year ended (a) September 30, 2017, and (6) September 24, 2016. Assume total assets at September 26, 2015, are $290,345 ($ millions). 4. Using the results in part 3, is Apple's asset turnover on a favorable or unfavorable trend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Much research and development is needed to create the next iPhone. Does Apple capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred? Research and developments costs are: (Required 1 Required 3 > Required: 1. What percent of the original cost of Apple's Property. Plant and Equipment account remains to be depreciated as of (a) September 30, 2017, and (b) September 24, 2016? Assume these assets have no salvage value and the entire account is depreciable. Hint: Accumulated Depreciation is listed under Property, plant and Equipment" in the notes to Apple's financial statements in Appendix A. 2. Much research and development is needed to create the next iPhone. Does Apple capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred? 3. Compute Apple's total asset turnover for the year ended (a) September 30, 2017, and (b) September 24, 2016. Assume total assets at September 26, 2015, are $290,345 $ millions). 4. Using the results in part 3 is Apple's asset turnover on a favorable or unfavorable trend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute Apple's total asset turnover for the year ended (a) September 30, 2017, and (b) September 24, 2016. Assume total assets at September 26, 2015, are $290,345 ($ millions). (Round your answers to 2 decimal places.) Total Asset Turnover times (a) September 30, 2017 (6) September 24, 2016 times Required: 1. What percent of the original cost of Apple's Property, Plant and Equipment account remains to be depreciated as of (a) September 30, 2017, and (b) September 24, 2016? Assume these assets have no salvage value and the entire account is depreciable. Hint: Accumulated Depreciation is listed under "Property. Plant and Equipment in the notes to Apple's financial statements in Appendix A. 2. Much research and development is needed to create the next iPhone. Does Apple capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred? 3. Compute Apple's total asset turnover for the year ended (a) September 30, 2017, and (b) September 24, 2016. Assume total assets at September 26, 2015, are $290,345 ($ millions). 4. Using the results in part 3, is Apple's asset turnover on a favorable or unfavorable trend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using the results in part 3, is Apple's asset turnover on a favorable or unfavorable trend? Is Apple's asset turnover on a favorable or unfavorable trend? Required: 1. What percent of the original cost of Apple's Property. Plant and Equipment account remains to be depreciated as of (a) September 30, 2017, and (b) September 24, 2016? Assume these assets have no salvage value and the entire account is depreciable. Hint: Accumulated Depreciation is listed under Property, plant and Equipment" in the notes to Apple's financial statements in Appendix A. 2. Much research and development is needed to create the next iPhone. Does Apple capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred? 3. Compute Apple's total asset turnover for the year ended (a) September 30, 2017, and (b) September 24, 2016. Assume total assets at September 26, 2015, are $290,345 $ millions). 4. Using the results in part 3 is Apple's asset turnover on a favorable or unfavorable trend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute Apple's total asset turnover for the year ended (a) September 30, 2017, and (b) September 24, 2016. Assume total assets at September 26, 2015, are $290,345 ($ millions). (Round your answers to 2 decimal places.) Total Asset Turnover times (a) September 30, 2017 (6) September 24, 2016 times Required: 1. What percent of the original cost of Apple's Property, Plant and Equipment account remains to be depreciated as of (a) September 30, 2017, and (b) September 24, 2016? Assume these assets have no salvage value and the entire account is depreciable. Hint: Accumulated Depreciation is listed under "Property. Plant and Equipment in the notes to Apple's financial statements in Appendix A. 2. Much research and development is needed to create the next iPhone. Does Apple capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred? 3. Compute Apple's total asset turnover for the year ended (a) September 30, 2017, and (b) September 24, 2016. Assume total assets at September 26, 2015, are $290,345 ($ millions). 4. Using the results in part 3, is Apple's asset turnover on a favorable or unfavorable trend? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Using the results in part 3, is Apple's asset turnover on a favorable or unfavorable trend? Is Apple's asset turnover on a favorable or unfavorable trend?

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