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1. note 2 What depreciation method does American Eagle use? What are the estimat

ID: 2474061 • Letter: 1

Question

1. note 2 What depreciation method does American Eagle use?

What are the estimated useful lives for buildings leasehold improvements and fixtures and equipment?

2. note 7What are the cost and the book value of property and equipment?

What is the trend in depreciation expense for the past three years?

3. Find note 10 entitled Leases. Retail stores, like American Eagle, tend to lease rather than buy their stores. What is the most common term for the store leases? What are the future minimum lease obligations under operation leases at February 2. 2013?

Explanation / Answer

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