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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Research and Analysis Using the Annual Report

Obtain Verizon Communications, Inc.’s 2016 annual report either through the "Investor Relations" portion of its website (do a web search for Verizon Communications investor relations) or go to www.sec.gov and click "Company Filings Search" under "Filings."

Required:

What method of depreciation does Verizon use? What are the typical useful lives of Verizon’s operating assets?

To determine

Introduction:

Depreciation means a value which is used by the company by using the assets for the purpose the production. Depreciation method of two type straight line method and written down value method. Devaluation is a technique for reallocating the expense of a substantial resource over its helpful life expectancy of it being in movement. Organizations devalue long haul resources for both bookkeeping and expense purposes. Depreciation is expense which reduce the income of the business.

To choose:

What method of depreciation does Verizon use?

What are the typical useful lives of Verizon’s operating assets?

Explanation

Our Plant, property and gear balance speaks to a noteworthy part of our solidified resources. We record Plant, property and gear at expense. We deteriorate Plant, property and gear on a straight-line premise over the assessed valuable existence of the advantages. We expect that a one-year increment in evaluated valuable existences of our Plant, property and gear would result in a lessening to our 2016 devaluation cost of $2.8 billion and that a one-year abatement would result in an expansion of roughly $5.7 billion in our 2016 deterioration cost...

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