ACT3391HomeworkFall2009CP 35

ACT3391HomeworkFall2009CP 35 - Make sure that you properly...

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HOMEWORK - Fall 2009 ALL homework assignments must be completed by using some type of computer software program, e.g., word, excel. YOU WILL NOT RECEIVE FULL CREDIT FOR THE HOMEWORK UNLESS IT IS COMPLETED BY USING A COMPUTER. NO CREDIT WILL BE GIVEN FOR LATE HOMEWORK. When completing your homework assignments DO NOT use any abbreviations, e.g., spell out Governmental Accounting Standards Board instead of simply writing GASB. As discussed during class, you can work on these homework assignments in groups or as an individual. 35. (0.5 point each, unless otherwise noted) Answer the following related to ConocoPhillips (C) for the year ended December 31, 2008. Note that you can find C’s financial statements and related footnotes on C’s web page OR on the SEC’s web page. (Note that you will probably find it easier to look on C’s web page.)
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Unformatted text preview: Make sure that you properly express your dollar amounts. a. For the year ended 12-31-08, what was C’s depreciation, depletion and amortization expense? b. What depreciation and amortization method(s) does C use? c. How does C account for property disposition? d. As of 12-31-08, what was C’s gross PP&E balance? e. As of 12-31-08, what was C’s net PP&E balance? f. For the year ended 12-31-08, what was C’s goodwill impairment charge? g. As of 12-31-08, what was C’s goodwill balance? h. As of 12-31-08, what was C’s intangible assets (other than goodwill) balance? How much of this amount relates to indefinite-lived intangible assets? i. For the year ended 12-31-08, how much cash did C receive from asset dispositions? 1...
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