90.2K

Verified Solution

Link Copied!

Urgent Help, Please.

Refer to Apple's financial statements in Appendix A to answer the following. 1. What percent of the original cost of Apple's Property, Plant and Equipment account remains to be depreciated as of (a) September 29, 2018, and (b) September 30, 2017? 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 29, 2018, and (b) September 30, 2017. Total assets at September 24, 2016, are $321,686 (\$ millions). 4. Using the results in part 3 , is the change in Apple's asset turnover favorable or unfavorable? Complete this question by entering your answers in the tabs below. What percent of the original cost of Apple's Property, Plant and Equipment account remains to be depreciated as of (a) September 29, 2018, and (b) September 30, 2017? 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. Note: Round your answers to 1 decimal place. Complete this question by entering your answers in the tabs below. 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? Complete this question by entering your answers in the tabs below. Compute Apple's total asset turnover for the year ended (a) September 29, 2018, and (b) September 30, 2017. Total assets at September 24, 2016, are $321,686 (\$ millions). Note: Round your answers to 2 decimal places. Complete this question by entering your answers in the tabs below. Using the results in part 3, is the change in Apple's asset turnover favorable or unfavorable? Is the change in Apple's asset turnover on a favorable or unfavorable trend? Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) See accompanying Notes to Consolidated Financial Statements. Annle Inc. See accompanying Notes to Consolidated Financial Statements. Refer to Apple's financial statements in Appendix A to answer the following. 1. What percent of the original cost of Apple's Property, Plant and Equipment account remains to be depreciated as of (a) September 29, 2018, and (b) September 30, 2017? 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 29, 2018, and (b) September 30, 2017. Total assets at September 24, 2016, are $321,686 (\$ millions). 4. Using the results in part 3 , is the change in Apple's asset turnover favorable or unfavorable? Complete this question by entering your answers in the tabs below. What percent of the original cost of Apple's Property, Plant and Equipment account remains to be depreciated as of (a) September 29, 2018, and (b) September 30, 2017? 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. Note: Round your answers to 1 decimal place. Complete this question by entering your answers in the tabs below. 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? Complete this question by entering your answers in the tabs below. Compute Apple's total asset turnover for the year ended (a) September 29, 2018, and (b) September 30, 2017. Total assets at September 24, 2016, are $321,686 (\$ millions). Note: Round your answers to 2 decimal places. Complete this question by entering your answers in the tabs below. Using the results in part 3, is the change in Apple's asset turnover favorable or unfavorable? Is the change in Apple's asset turnover on a favorable or unfavorable trend? Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) See accompanying Notes to Consolidated Financial Statements. Annle Inc. See accompanying Notes to Consolidated Financial Statements

Answer & Explanation Solved by verified expert

See Answer