What does Walt Disney’s Form 10-K communicate about its PP&E? Original blog posting (March 12, 2015)

Walt Disney invests heavily in PP&E New interactive queue for Peter Pan’s Flight just opened in Magic Kingdom in Orlando Several categories of PP&E on Form 10-K

Asset section of the balance sheet (page 66 in 2014 Form 10-K):

Asset section of the balance sheet (page 66 in 2014 Form 10-K):

Notes to financial statements in 2014 Form 10-K, page 77:

Question 1 What types of plant assets does Walt Disney have?

What depreciation method does Walt Disney use? Question 2 What depreciation method does Walt Disney use?

What is the net book value of all of Walt Disney’s PP&E? Question 3 What is the net book value of all of Walt Disney’s PP&E?

Give an example of each type of PP&E listed in the Notes excerpt. Question 4 Give an example of each type of PP&E listed in the Notes excerpt.

Question 5 The category of “Furniture, fixtures, and equipment” has a range of estimated life in years from 3 – 25 years. Give an example of a specific asset that might be in this category. What might be its estimated life and why?

Question Recap What types of plant assets does Walt Disney have? What depreciation method does Walt Disney use? What is the net book value of all of Walt Disney’s PP&E? Give an example of each type of PP&E listed in the Notes excerpt. The category of “Furniture, fixtures, and equipment” has a range of estimated life in years from 3 – 25 years. Give an example of a specific asset that might be in this category. What might be its estimated life and why?

For additional news stories to use in the accounting classroom, see the Accounting in the Headlines blog at http://accountingintheheadlines.com/ Related video resources can be found at http://www.youtube.com/user/accountingheadlines Questions or comments? Contact Dr. Wendy Tietz at wtietz@kent.edu