Accounting for Long-Term Operational Assets
ATC 8-8 Research Assignment: Comparing Microsoft’s and Intel’s Operational Assets
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ATC 8-8 Research Assignment: Comparing Microsoft’s and Intel’s Operational Assets
This chapter discussed how companies in different industries often use different proportions of current versus long-term assets to accomplish their business objectives. The technology revolution resulting from the silicon microchip has often been led by two well-known companies: Microsoft and Intel. Although often thought of together, these companies are really very different. Using either the most current Forms 10-K or annual reports for Microsoft Corporation and Intel Corporation, complete the requirements asked for below. Obtain the Forms 10-K using either the EDGAR system, following the instructions in Appendix A, or the company’s website. Microsoft’s annual report is available on its website; Intel’s annual report is its Form 10-K.
Required
a. Fill in the missing data in the following table. The percentages must be computed; they are not included in the companies’ 10-Ks. (Note: The percentages for current assets and property, plant, and equipment will not sum to 100.)
|
Current Assets |
Property, Plant, and Equipment |
Total Assets |
Microsoft |
|
|
|
Dollar Amount $ |
- |
- |
- |
% of Total Assets |
- |
- |
100% |
Intel |
|
|
|
Dollar Amount $ |
- |
- |
- |
% of Total Assets |
- |
- |
100% |
b. Briefly explain why these two companies have different percentages of their assets in current assets versus property, plant, and equipmen
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