10K for Intel Corporation (fiscal year ended December 26, 2015) Using the 10K, y

Question

10K for Intel Corporation (fiscal year ended December 26, 2015) Using the 10K, you will answer the questions below related to Intel’s long term operating assets, both tangible and intangible. You will utilize the consolidated balance sheet, statement of cash flows, Note 2: Significant Accounting Polices, Note 10: Goodwill, and Note 11: Intangible Assets to answer the questions (pages 63-64, 70- 71, 89-92 of the 10K document) 1. As of December 26, 2015, how much had Intel originally paid for their tangible property, plant & equipment? 2. As of December 26, 2015, how much had Intel depreciated to date on their tangible property, plant and equipment? How does Intel calculate depreciation? What was the current year depreciation expense recorded by Intel? (Hint you will need the statement of cash flows to find depreciation expense) 3. Calculate the percent depreciated ratio as of December 27, 2014 and December 26, 2015 using the formula on page 385/386 of the textbook. Discuss what this tells you about Intel’s long-term operating assets. 4. Using the statement of cash flows, determine the amount of property, plant and equipment acquired during 2014 and 2015. Compare the depreciation expense for each year to the PP&E acquisitions (capital expenditures) for the same period. What does the comparison indicate? 5. Does Intel carry any goodwill? If so, what event(s) resulted in Intel recording goodwill? 6. Does Intel report any intangible assets? If so, what types of intangibles do they report? Are they amortized? If so, how is the amortization calculated?

Explanation / Answer

1. 913 million dollar

2. 7821 Million Dollar

5. 11332 Million Dollar

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