McDonalds Corporation is the worlds leading global food service retailer with more than 40,000 locations worldwide in 119 countries. The corporation operates and franchises McDonalds restaurants, which serve menu items such as the Big Mac, Chicken McNuggets, and McFlurry desserts. In addition, McDonalds also serves McCaf beverages and pastries. Visit
Requirements
- Where would McDonalds Corporation report property and equipment (plant assets) on its financial statements?
- Does McDonalds Corporation depreciate its plant assets? How do you know? What is the depreciation method used and the useful lives?
- How is the net book value of plant assets calculated? What is the net book value of McDonalds Corporations plant assets as of December 31, 2021?
- What type of intangibles would be included on McDonalds Corporations financial statements and where?
- What is goodwill? Review the note on Goodwill (page 45 of the 2021 Annual Report). How much goodwill is reported as of December 31, 2021? What does McDonalds Corporations goodwill primarily result from?
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