Maurice Tutor

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About Maurice Tutor

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Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 307 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Sep 2017 My Price 9.00

Significant Accounting Policies Section

McDonald’s is the largest and best-known global food service retailer, with more than 32,000 restaurants in 118 countries. On any day, McDonald’s serves approximately 1 percent of the world’s population. Presented on the next page is information related to McDonald’s property and equipment.
McDonald’s Corporation
Summary of Significant Accounting Policies Section
Property and Equipment. Property and equipment are stated at cost, with depreciation and amortization provided using the straight-line method over the following estimated useful lives: buildings—up to 40 years; leasehold improvements—lesser of useful lives of assets or lease terms including option periods; and equipment—3 to 12 years. [In the notes to the financial statements:]
Property and Equipment Net property and equipment consisted of:


Instructions
(a) What method of depreciation does McDonald’s use?
(b) Does depreciation and amortization expense cause cash flow from operations to increase?
Explain.
(c) What does the schedule of cash flow measuresindicate?

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 12:09 PM My Price 9.00

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