 |  Financial and Managerial Accounting: The Basis for Business Decisions, 12/e Jan R. Williams,
University of Tennessee
Susan F. Haka,
Michigan State University
Mark S. Bettner,
Bucknell University
Robert F. Meigs
Plant Assets and Depreciation
Tootsie Roll Exercises| | TOOTSIE ROLL EXERCISE | EXERCISE 9.14 Using an Annual Report to Determine Depreciation Methods Used LO 1, 3 | | The annual report of Tootsie Roll Industries, Inc. appears in
Appendix A at the end of this textbook. Use this annual report to answer
the following questions: - What method of computing depreciation expense does the company use
for financial reporting purposes?
- What method of computing depreciation expense does the company use
for federal income tax purposes?
- The company's income statement reports amortization of intangible
assets. What types of intangible assets would you guess require amortization?
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2002 McGraw-Hill Higher Education