Ford 2013 Annual Report- http://corporate.ford.com/doc/sr13-form-10-k.pdf View t
ID: 2459030 • Letter: F
Question
Ford 2013 Annual Report- http://corporate.ford.com/doc/sr13-form-10-k.pdf
View the 2013 Annual Report for the Ford Motor Company, a Fortune 50 company, linked here as well as on the Course Information page. Using this report, answer the following questions:
What was the total amount of intangible assets that the company reported at the end of 2013, and how did the company capitalize and amortize the different intangible assets?
Why does the company amortize some of its intangible assets but not others?
Do you think that the company has additional “intangibles” that are not recorded on the balance sheet? Why? How would this issue affect your understanding of the company’s financial performance?
What were the total debt and debt components at the end of 2013?
What are the company’s commitments and contingencies?
What are the terms of the company’s credit agreement?
Complete your assignment in a Microsoft Word document and clearly identify each numbered item to which you are responding. Part of your grade will be based on the organization of your project. Show all supporting calculations for your responses, as applicable.
Explanation / Answer
1)The amount of our intangible asset was $85 million in 2013
2)Company capitalize and amortize the different intangible assets by Adopted the new accounting standard that to determine for calculating impairment test for intangible assets over their estimated useful lives
3)They used the impairment test which are not doing the amortized.
6)Total debt and debt components at the end of 2013 are (debt)99,005 + 1,496(payable)
==$100,501
7) Guarantees and indemnifications, litigation and claims, and warranty are considered to be company’s commitments and contingencies.
8) Aging, Impaired Receivables, Non-Accrual Receivables,Consumer receivables and non Consumer receivables are terms of the company’s credit agreement.