Question: Analyze the long term assets on the balance sheet.
Use books-a-million's 2009 annual report to answer the following questions.
1. What types of depreciable assets does books-a-million have? What method is used to depreciate these assets?
2. Does books-a-million have intangible assets? How do they account for them?
3. What can you tell about the age/condition of books-a-million's property and equipment?
4. Is the company making good use of its assets? How can you evaluate this?