Chapter 9, Problem 15E

a)

To determine

Identify the method of depreciation used for buildings furniture, fixtures, and equipment by Depot H and find out the useful lives of the assets over which it depreciated.

b)

To determine

Elaborate the company’s policy regarding impairment of plant assets of Depot H.

c)

To determine

Identify the amount of the Depot H’s investment in property and equipment and the amount of depreciation taken to date on those assets as on January 31, 2016. Find that the assets, as a whole, near the beginning or end of their estimated useful lives. Explain the same.