Choose a public company, review their financial statements (balance sheet and fo
ID: 2466686 • Letter: C
Question
Choose a public company, review their financial statements (balance sheet and footnotes) and respond to the following: REQUIRED: 1) Name of company, URL and page #s where you find the following information 2) Dollar amount of Plant Assets on the balance sheet for this year and last year. 3) The % of plant assets to total assets for each year (show calculation as well.) 4) What method of depreciation is the company using? (Check out the first footnote or the plant, property and equipment footnotes)
Explanation / Answer
1- Name of the Company - Tata Consultancy Services(TCS)
URL- http://www.moneycontrol.com/financials/tataconsultancyservices/balance-sheetVI/TCS#TCS
2-
3-Depreciation / amortisation- In respect of fixed assets (other than freehold land and capital work-in-progress) acquired during the year, depreciation is charged on a straight line basis so as to write-off the cost of the assets over the useful lives and for the assets acquired prior to April 1,2014, the carrying amount as on April 1,2014 is depreciated over the remaining useful life based on an evaluation.
2015 2014 Tangible Assets 7964.88 5887.09 Total Assets 63065.3 57604.19 % Plant Assets to TotAL assets 13% 10%