Question that is circled answered

Exercise 9.15
a) What depreciation method does Home Depot use for Buildings, furniture, fixtures
and equipment? What are the useful lives over which these assets are
depreciated?
Home Depot uses the straight-line method of depreciation for buildings, furniture,
fixtures and equipment.
The useful life of Buildings the company uses for estimating depreciation is between 5-45 years.
The useful life of Furniture, Fixtures & Equipment for estimating depreciation is between 3-20 years.
The useful life of Leasehold improvements for estimating depreciation is between 5-45 years.

Source: Notes to consolidated Financial statements
Page number: 38
Under 1. Summary of significant accounting policies, Depreciation & Amortization
b) From the notes to the Home Depot’s financial statements, what can you learn
from the company’s policy regarding impairment of plant assets?
Company’s policy regarding impairment of plant assets: For information about a
potential impairment, the firm evaluates its plant assets every quarter. The indication of
impairment include current & past...