Refer to TELUS S financial statements in Appendix A at the end of the book, and answer the following

Refer to TELUS S financial statements in Appendix A at the end of the book, and answer the following questions: 1. How much was TELUS s depreciation and amortization expense during fiscal year 2011? How much was TELUS s accumulated depreciation and amortization at the end of year 2010? Explain why accumulated depreciation and amortization exceeds depreciation and amortization expense for the year 2011. 2. Explain why TELUS adds depreciation and amortization expenses back to net income in the computation of net cash from operating activities. 3. Does TELUS have any goodwill? In 2011, was amortization on goodwill charged? TELUS describes intangible assets. What are they? How much amortization of intangible assets did TELUS record in 2011?

 

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