Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Exercise 6

Visit the website of another catalog retailer similar to EarthWear Clothiers, and determine what useful lives and depreciation methods are used for property, plant, and equipment. Compare those methods to EarthWear, and, if different, consider the implications for using competitor data for preliminary or substantive analytical procedures. Note that you may have to examine the entity's annual report and 10-K.