Posted: June 20th, 2022

Identify and research a US public company in your pathway that has Property, Plant, and Equipment.

Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates

For This or a Similar Paper Click To Order Now

Identify and research a US public company in your pathway that has Property, Plant, and Equipment. . It should be on the Fortune 500 list. Don’t use a company that someone has already used. Please put the company’s name as the subject of your post. Access their recent (less than 12 months) annual 10-K report for the company at the EDGAR filings at SEC Edgar search tool (https://www.sec.gov/edgar/searchedgar/companysearch.html) or Yahoo or Google finance. Include the URL of the report in your initial post.
Requirements:
Initial post:
Review the report and in a minimum of 3 paragraphs, tell us the following:
The name of the company and your pathway
When was the report filed and the time period it covers, indicating specific dates, not just 2020?
What are the company’s major product lines?
What Property, Plant, and Equipment categories do they have and what are the dollar amounts for each category? If the numbers are in millions, state that.
What methods of depreciation do they use for those categories? Hint: See the notes to the financial statements.
What did you find interesting about the types of Property, Plant, and Equipment they have and the depreciation methods they have chosen?
Replies:
Reply to at least 2 of your fellow classmates, who selected a different company than yours.
Each reply must be at least 5 sentences long, meaningful, substantive, and detailed.
Comment on something that surprised you about their company, regarding their type of Property, Plant and Equipment, and/or their chosen depreciation methods.
Proper spelling, punctuation, capitalization, grammar, etc. are required.
Do not copy and paste any information. Your posts should be in your own words.
Follow the minimum requirements for discussion board posts located in the general discussion area. Recall, those are the minimum requirements, more posts are always encouraged.
The initial post is due 4 days before the due date.
Examples of businesses in pathways could be:
AHCD: Dance, Theater, Film production, Social media, Graphics design or architecture business
Business: Accounting office, caterer, advertising firm, dry cleaner, restaurant, any business is acceptable
Education: K-12 tutoring, Child care, Charter schools
Health Sciences: Dr. or Dentist office, PT office, Hospital, Insurance co,
IMCT: Engineering Co., Aviation maintenance, Aviation distribution, Supply Chain Management, Auto manufacturing
Public Safety: Law office, PI, Equipment providers for the industry
STEM: Engineering Co., Vet. Office, Computer Services co.
SGSHS: Psychology office, Non-profit agencies, Social Media, Hospitals, Drug manufactures
Response 1: The fortune 500 company that I’ve decided to cover in my discussion post is The Home Depot, Inc. Considering my pathway in business and the fact Home Depot is the largest home improvement retailer in the United States I found it a fitting choice. Home Depot’s latest 10-K report was officially filed on March 23rd, 2022, and it covered their fiscal year ended January 30th, 2022. As previously stated The Home Depot, Inc is the largest home improvement retailer in the United States, and as such its major product lines include tools, appliances, and construction products. Along with the supplies and equipment the company sells in-store Home Depot also provides a variety of home improvement services ranging from the installation and repair of kitchens, floors, and plumbing to exterior work with sheds, fences, and generators just to name a few.
In terms of the various Property, Plant, and Equipment categories The Home Depot had, according to the company’s 10-K report, there are six. Firstly their Buildings and improvements category, which is the company’s largest had a dollar amount of 19,173 million. The next and second-largest category Home Depot had was Furniture, fixtures, and equipment which had a dollar amount of 16,441 million. The third-largest category Home Depot had was Land which had a dollar amount of 8,617 million. The last three Property, Plant, and Equipment categories The Home Depot had are Leasehold improvements, Construction in progress, and Finance leases, which had dollar amounts of 2,016 million, 1,139 million, and 3,943 million respectively.
When it comes to the depreciation of those six major Property, Plant, and Equipment categories Home Depot reported accumulated depreciation and finance lease amortization of 26,130 million. This resulted in the company’s net property and equipment ending with a dollar amount of 25,199 million. In terms of the method of depreciation, The Home Depot uses for its Property, Plant, and Equipment categories it utilizes the straight-line depreciation method. As for what I found interesting about the Property, Plant, and Equipment categories Home Depot had, I thought it was interesting that land was only their third-largest category. Primarily because of the sheer size of the average Home Depot that I’ve been to I figured land would have a larger dollar amount than it does.
Response 2: The company I chose is Wells Fargo & Company, who most of us are familiar with as their banks are usually on every corner. I also decided to use Wells Fargo & Company for this discussion post as it fits in my business pathway as it is an American multinational financial services company.
Wells Fargo & Company’s annual report was published and filed around February 25, 2022 and reflects on the company’s previous year performance from January 1 to December 31, 2021. Wells Fargo’s major product lines are Consumer Banking & Lending, Commercial Banking, Corporate & Investment Banking, Wealth & Investment Management, and Corporate Treasury & Enterprise Functions.
When searching for their Property, Plant & Equipment information, I was met with a bit of difficulty but still happened to find a couple of reports and balance sheets. Some of the categories within their Property, Plant & Equipment are Land, Buildings, Transportation Equipment, Manufacturing Equipment, Office Equipment, & Office Furniture. I feel all of these categories make sense for the business Wells Fargo runs as they specialize in many different areas that affect how a person can live their day to day life, as finances allow people to do certain things. I unfortunately wasn’t able to find individual costs for each category, however the Net Property, Plant & Equipment amount for 2021 was $18,558 (million).
As for their accumulated depreciation, Wells Fargo calculates it on a straight-line basis, which I personally feel is the most simple and straight-forward way of calculating depreciation. Thus, I feel it makes sense to use this method when dealing with such big amounts.

For This or a Similar Paper Click To Order Now