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Needles Accounting Resource Center Financial & Managerial Accounting , 2002 Edition Belverd E. Needles, Jr., DePaul University Marian Powers, Northwestern University Susan Crosson, Santa Fe Community College Internet Research Activities Chapter 10: Long-Term Assets SEC and Form10-K Instructions: Use the SEC Page provided at this site to help you search for a particular company's latest Form 10-K or view any of the Form 10-Ks listed below. Locate Schedules 5 and 6 and the company's Statement of Cash Flows to determine gains or losses from dispositions of property, plant, and equipment. SEC Form 10-K: Gateway Computers Intel Microsoft Sample SEC 10-K for Excite (PDF) Some resources on this page are in PDF format and require Adobe® Acrobat® Reader. You can download the free reader below!   For further explanation on how to save or view PDF documents, please see: Downloading and viewing PDF files. Extended Research Activities 1. Search the SEC EDGAR archives for Form 10-K for a company of your choice. Use your browser's "find in this page" feature to locate the word depreciation. How often did the word depreciation appear? In what context was the word depreciation mentioned? 2. Use your browser's "find in this page" feature to locate the Property and Equipment footnote. Copy this section and print a copy. (See below for an example from Excite, Inc.'s Form 10-K) Describe changes in plant and equipment from the prior year. Describe changes in depreciation from the prior year. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, which includes the amortization of assets recorded under capital leases. Property and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets (generally one to five years.) Equipment purchased under capital leases is amortized on a straight-line basis over the lesser of the estimated useful life of the asset or the lease term. Property and equipment, at cost, consist of the following: DECEMBER 31, 1998 1997 --------------------- -------- -------- (In thousands) Computer equipment and internal use software.................................... $43,746 18,168 Furniture and fixtures.................................... 6,581 2,950 Leasehold improvements.................................... 7,125 2,607 -------- -------- 57,452 23,725 Less accumulated depreciation and amortization.................................... (21,515) (8,582) -------- -------- $35,937 $15,143 ====== ====== Either print out your answers for submission or email them to your instructor.   Site Map I Partners I Press Releases I Company Home I Contact Us Copyright Houghton Mifflin Company. All Rights Reserved. Terms and Conditions of Use, Privacy Statement, and Trademark Information