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(Solved) The financial statements of Marks and Spencer plc (M&S) are available at the book’s companion...


The financial statements of Marks and Spencer plc (M&S) are available at the book’s companion website or can be accessed at http://annualreport.marksandspencer.com/_assets/downloads/Marks-andSpencer-Annual-report-and-financial-statements-2012.pdf. Instructions Refer to M&S’s financial statements and the accompanying notes to answer the following questions. (a) What descriptions are used by M&S in its statement of financial position to classify its property, plant, and equipment? (b) What method or methods of depreciation does M&S use to depreciate its property, plant, and equipment? (c) Over what estimated useful lives does M&S depreciate its property, plant, and equipment? (d) What amounts for depreciation and amortization expense did M&S charge to its income statement in 2012 and 2011? (e) What were the capital expenditures for property, plant, and equipment made by M&S in 2012 and 2011?  

 


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