Straight line method of depreciation: This is one of the methods to calculate the depreciation on assets. Under this method the depreciable value of asset it divided equally for each year f its estimated life. The formula to calculate the deprecation under straight line method is as follows: A n n u a l S t r a i g h t l i n e d e p r e c i a t i o n = ( C o s t − S a l v a g e V a l u e ) E s t i m a t e d l i f e i n y e a r s Requirement-1: To Calculate: The percentage of original cost of Apple's Property plant and equipment account remains to be depreciation as on Sept. 30, 2017 and as on Sept. 24, 2016

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Answer 1

Question

Chapter 10, Problem 1AA

To determine

Concept Introduction:

Straight line method of depreciation:

This is one of the methods to calculate the depreciation on assets. Under this method the depreciable value of asset it divided equally for each year f its estimated life. The formula to calculate the deprecation under straight line method is as follows:

Annual Straight line depreciation = (Cost− Salvage Value)Estimated life in years

Requirement-1:

To Calculate:

The percentage of original cost of Apple's Property plant and equipment account remains to be depreciation as on Sept. 30, 2017 and as on Sept. 24, 2016

To determine

Concept Introduction:

Amortization of Intangible Assets:

Intangible assets are not physical assets which can be depreciated over its life. Hence to amortize the cost of the intangible asset, amortization expense is recorded in the books. The nature of the Amortization is same as of the depreciation. An intangible asset is amortized using the straight line method over its life.

Requirement-2:

To Identify:

If Apple capitalizes or expense the research and development cost

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-3:

To Calculate:

Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-4:

To Identify:

If the Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016 is showing favorable or unfavorable trend

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Answer 2

Question

Chapter 10, Problem 1AA

To determine

Concept Introduction:

Straight line method of depreciation:

This is one of the methods to calculate the depreciation on assets. Under this method the depreciable value of asset it divided equally for each year f its estimated life. The formula to calculate the deprecation under straight line method is as follows:

Annual Straight line depreciation = (Cost− Salvage Value)Estimated life in years

Requirement-1:

To Calculate:

The percentage of original cost of Apple's Property plant and equipment account remains to be depreciation as on Sept. 30, 2017 and as on Sept. 24, 2016

To determine

Concept Introduction:

Amortization of Intangible Assets:

Intangible assets are not physical assets which can be depreciated over its life. Hence to amortize the cost of the intangible asset, amortization expense is recorded in the books. The nature of the Amortization is same as of the depreciation. An intangible asset is amortized using the straight line method over its life.

Requirement-2:

To Identify:

If Apple capitalizes or expense the research and development cost

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-3:

To Calculate:

Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-4:

To Identify:

If the Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016 is showing favorable or unfavorable trend

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 10, Problem 1AA

To determine

Concept Introduction:

Straight line method of depreciation:

This is one of the methods to calculate the depreciation on assets. Under this method the depreciable value of asset it divided equally for each year f its estimated life. The formula to calculate the deprecation under straight line method is as follows:

Annual Straight line depreciation = (Cost− Salvage Value)Estimated life in years

Requirement-1:

To Calculate:

The percentage of original cost of Apple's Property plant and equipment account remains to be depreciation as on Sept. 30, 2017 and as on Sept. 24, 2016

To determine

Concept Introduction:

Amortization of Intangible Assets:

Intangible assets are not physical assets which can be depreciated over its life. Hence to amortize the cost of the intangible asset, amortization expense is recorded in the books. The nature of the Amortization is same as of the depreciation. An intangible asset is amortized using the straight line method over its life.

Requirement-2:

To Identify:

If Apple capitalizes or expense the research and development cost

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-3:

To Calculate:

Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-4:

To Identify:

If the Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016 is showing favorable or unfavorable trend

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 10, Problem 1AA

To determine

Concept Introduction:

Straight line method of depreciation:

This is one of the methods to calculate the depreciation on assets. Under this method the depreciable value of asset it divided equally for each year f its estimated life. The formula to calculate the deprecation under straight line method is as follows:

Annual Straight line depreciation = (Cost− Salvage Value)Estimated life in years

Requirement-1:

To Calculate:

The percentage of original cost of Apple's Property plant and equipment account remains to be depreciation as on Sept. 30, 2017 and as on Sept. 24, 2016

To determine

Concept Introduction:

Amortization of Intangible Assets:

Intangible assets are not physical assets which can be depreciated over its life. Hence to amortize the cost of the intangible asset, amortization expense is recorded in the books. The nature of the Amortization is same as of the depreciation. An intangible asset is amortized using the straight line method over its life.

Requirement-2:

To Identify:

If Apple capitalizes or expense the research and development cost

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-3:

To Calculate:

Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-4:

To Identify:

If the Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016 is showing favorable or unfavorable trend

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 10, Problem 1AA

To determine

Concept Introduction:

Straight line method of depreciation:

This is one of the methods to calculate the depreciation on assets. Under this method the depreciable value of asset it divided equally for each year f its estimated life. The formula to calculate the deprecation under straight line method is as follows:

Annual Straight line depreciation = (Cost− Salvage Value)Estimated life in years

Requirement-1:

To Calculate:

The percentage of original cost of Apple's Property plant and equipment account remains to be depreciation as on Sept. 30, 2017 and as on Sept. 24, 2016

To determine

Concept Introduction:

Amortization of Intangible Assets:

Intangible assets are not physical assets which can be depreciated over its life. Hence to amortize the cost of the intangible asset, amortization expense is recorded in the books. The nature of the Amortization is same as of the depreciation. An intangible asset is amortized using the straight line method over its life.

Requirement-2:

To Identify:

If Apple capitalizes or expense the research and development cost

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-3:

To Calculate:

Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-4:

To Identify:

If the Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016 is showing favorable or unfavorable trend

Answer 6

Chapter 10, Problem 1AA

To determine

Concept Introduction:

Straight line method of depreciation:

This is one of the methods to calculate the depreciation on assets. Under this method the depreciable value of asset it divided equally for each year f its estimated life. The formula to calculate the deprecation under straight line method is as follows:

Annual Straight line depreciation = (Cost− Salvage Value)Estimated life in years

Requirement-1:

To Calculate:

The percentage of original cost of Apple's Property plant and equipment account remains to be depreciation as on Sept. 30, 2017 and as on Sept. 24, 2016

Answer 7

Chapter 10, Problem 1AA

To determine

Concept Introduction:

Straight line method of depreciation:

This is one of the methods to calculate the depreciation on assets. Under this method the depreciable value of asset it divided equally for each year f its estimated life. The formula to calculate the deprecation under straight line method is as follows:

Annual Straight line depreciation = (Cost− Salvage Value)Estimated life in years

Requirement-1:

To Calculate:

The percentage of original cost of Apple's Property plant and equipment account remains to be depreciation as on Sept. 30, 2017 and as on Sept. 24, 2016

Answer 8

To determine

Concept Introduction:

Amortization of Intangible Assets:

Intangible assets are not physical assets which can be depreciated over its life. Hence to amortize the cost of the intangible asset, amortization expense is recorded in the books. The nature of the Amortization is same as of the depreciation. An intangible asset is amortized using the straight line method over its life.

Requirement-2:

To Identify:

If Apple capitalizes or expense the research and development cost

Answer 9

To determine

Concept Introduction:

Amortization of Intangible Assets:

Intangible assets are not physical assets which can be depreciated over its life. Hence to amortize the cost of the intangible asset, amortization expense is recorded in the books. The nature of the Amortization is same as of the depreciation. An intangible asset is amortized using the straight line method over its life.

Requirement-2:

To Identify:

If Apple capitalizes or expense the research and development cost

Answer 10

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-3:

To Calculate:

Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016

Answer 11

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-3:

To Calculate:

Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016

Answer 12

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-4:

To Identify:

If the Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016 is showing favorable or unfavorable trend

Answer 13

To determine

Concept Introduction:

Total Asset Turnover Ratio:

Asset Turnover Ratio is an efficiency ratio that represents the sales earned on the average assets invested in the business. It is calculated by dividing the Sales by Average total assets. The formulas to calculate the Asset Turnover Ratio is as follows:

Asset Turnover Ratio = SalesAverage total assets

Requirement-4:

To Identify:

If the Total assets turnover for Apple for the year ended Sept. 30, 2017 and Sept. 24, 2016 is showing favorable or unfavorable trend

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 10 - Cost of plant assets C1 Kegler Bowling installs...Ch. 10 - Assigning costs to plant assets C1 Q Listed below...Ch. 10 - Prob. 3QS Ch. 10 - Straight-line depreciation P1 On January 1= the...Ch. 10 - QS 10-' Units-of-production depreciation On...Ch. 10 - QS10-5 Double-declining-balance method P1 A...Ch. 10 - Prob. 7QS Ch. 10 - Prob. 8QS Ch. 10 - Prob. 9QS Ch. 10 - Prob. 10QS

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