JetBlue Airways Corporation. JetBlue is publicly traded on NASDAQ
with a ticker symbol of JBLU. JetBlue offers air transportation
services and is currently ranked as the sixth largest airline in the
U.S. The company has an interesting history as it began in 1998 as
New Air. In February 2000, it began officially operating under
JetBlue Airways. The airline focuses on offering low-cost travel while
setting itself apart with the amenities it offered. According to their
website, only JetBlue offers free wi-fi, live TV and movies at every
seat—and award-winning customer service. (JetBlue Airways, 2022)
Property and Equipment is an asset item on JetBlue’s balance sheet.
According to the financial notes, JetBlue records “property and
equipment at cost and depreciate these assets on a straight-line basis
over their estimated useful lives to their estimated residual values.”
(SEC, 2021) I believe this is this is the most appropriate option for
recording and depreciating an asset. Straight-line depreciation is the
simplest and most common method used.
References:
JetBlue Airways (2022). JetBlue. Media Publications. Retrieved from
https://bluemedia.investproductions.com/media-room#highlights-slider
SEC.gov (2021). JetBlue Airways Corporation. Retrieved from
https://www.sec.gov/ix?doc=/Archives/edgar/data/1158463/000115846322000
017/jblu-20211231.htm
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