Analyzing Long-Lived Assets

Part 1

---------------- 

Complete a 1,050-word summary of findings and recommendations from the following questions: 

• What were the total cost and book value of property, plant, and equipment at September 27, 2014?
• Using the notes to find financial statements, what method or methods of depreciation are used by Apple for financial reporting purposes?
• What was the amount of depreciation and amortization expense for each of the three years 2012-2014? (Hint: Use the statement of cash flows).
• Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased in 2014 and 2013?
• Using the notes to the financial statements, explain in the summary how Apple accounted for its intangible assets in 2014. 

Use the Week 2 Excel® spreadsheet to show your work and submit with your summary.

Part 2

-----------------

Write a 260- to 350-word individual response to the following:

• Consider the multiple definitions of collaboration.
• Define collaboration and how you will apply it in this course. Be sure to reference and cite your sources.