Accounting Week Two Project

Accounting Week Two Project - software and plant equipment....

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Week Two – Under Armour 1 1. Excel Spreadsheet 2. Under Armour used the straight-line depreciation method. Property and equipment are stated at cost, including the cost of internal labor for software customized for internal use, less accumulated depreciation and amortization. Property and equipment is depreciated using the straight-line method over the estimated useful lives of the assets: 3 to 7 years for furniture, office equipment,
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Unformatted text preview: software and plant equipment. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful lives of the assets. The cost of in-store apparel and footwear fixtures and displays are capitalized, included in furniture, fixtures and displays, and depreciated over 3 to 5 years. Under Armour owns trade secrets, copywrites, patents, and trademarks. 3. Excel Spreadsheet...
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