CASE: Finding Financial Information Refer to the financial statements of The Home Depot in Appendix A at the end of this book, or download the annual report from the Cases and Projects section of the text's Web site at www.mhhe.com/ LLPW1e .
Required: 1. What method of depreciation does the company use?
2. What is the amount of Accumulated Depreciation at February 3, 2008? What percentage is this of the total cost of property and equipment?
3. For depreciation purposes, what is the range of estimated useful lives for the buildings?
4. What amount of depreciation and amortization expense was reported for the current year? What percentage of net sales is it?
5. What is the fixed asset turnover ratio for the current year?
6. For each of the preceding questions, where did you locate the information?