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Delta Airlines Property, Plant, and Equipment (Example)

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Delta Airlines. Name School Affiliation History of Delta Airlines. History of Delta Airlines. Delta Airlines initially started as a Crop Dusting Company and the people who founded it are Huff and Daland back in 1924. Due to the period it has existed Delta Airlines has turned out to be a legendary airlines company. In its early years this airline company was known as Huff-Daland Company which had its base offices in Macon Georgia. This group went ahead to own crop-dusting aircrafts that were totaling to eighteen. Some years later C.E. Woolman who was an employee of the company and then turned the steward of the company as the owner the company involved itself in the charter of passengers in the continent of South America. Later on in the year 1928 Woolman changed the name of the company to Delta Air Services and went further to shift the headquarters of reached a total of 110 million dollars and 76 million dollars in 2013. It is important to note that the airline company has seen an increase in the property plant and equipment that it owns. This has led to a production of more assets and an increase in the services provided to customers. The company uses the straight-line depreciation method but the Sum of the Years Depreciation method could have been a more appropriate method to be used in future. The company could also get its software that it can use to record assets it owns and furthermore increase its book value assets. References. (2014) Delta Airlines Inc. 2013 Form 10-k Retrieved Flight Museum (2017) Delta History Retrieved from: D. (2015) Intermediate Accounting Vol. 2 Strayer ACC304 15 Edition Hoboken NJ: John Wiley &Sons Inc. Dupree D.M. (2005). Depreciation Methods. Prentice-Hall and Robert J. Brady Co [...]

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Assignment 1: Delta Airlines Property, Plant, and Equipment Due Week 8 and worth 200 points According to the textbook, U.S. companies and foreign companies are affected by deprecation rules. When companies write off the cost of long-lived assets over a period of time, the term used is depreciation. In order to complete this assignment, review Delta Airlines’ annual reports for the years 2012 and 2013, located at Write a five to six (5-6) page paper in which you: Briefly outline Delta Airlines company’s history, products, and services, and identify the costs reported in the balance sheet for property, plant, and equipment. Prepare a horizontal analysis of Delta’s property, plant, and equipment for 2012 and 2013. Next, calculate the asset turnover ratio, return on asset ratio, and the debt to total assets ratio. Based on your calculations, indicate the conclusions that you can draw, based on the changes in property, plant, and equipment. Determine the method or methods of depreciation that Delta Airlines uses to depreciate its property, plant, and equipment. Suggest three (3) alternative methods that Delta Airlines could use in order to depreciate assets. Based on your suggestions, propose the method that Delta Airlines could use in order to improve the reporting of its property, plant and equipment. Provide a rationale for your response. Analyze the information disclosed in Delta Airlines’ notes to their financial statements on property, plant, and equipment. Recommend additional data that Delta Airlines could include that would be useful to potential investors and creditors. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Demonstrate, analyze, and explain the proper accounting for acquisition and valuation of property, plant, and equipment; valuation; costs subsequent to acquisition; and disposition of plant assets. Demonstrate, analyze, and explain the proper accounting for depreciation, impairments, and depletion. Use technology and information resources to research issues in intermediate accounting. Write clearly and concisely about intermediate accounting using proper writing mechanics.

Subject Area: Accounting

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $50

Words 1650

Pages 6

Completed in 20 days

Expert superintelwriter

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