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What is the estimated useful life of netflix buildings

    Assignment Instructions

    Assignment ID: FG133136269

    Question – Go to SEC EDGAR. Find the Company Page and search for Netflix (ticker=NFLX)). From that page, click on Netflix’s 10-K for fiscal-year 2021 (FY2021). This 10-K was filed January 27, 2022. Make sure you have the correct 10-K. At the top of the first page, you should see the phrase “For the fiscal year ended December 31, 2021.”

    Property, Equipment and Content Assets (see pages 45-50, unless otherwise noted)

    1. What depreciation method does Netflix use for PP&E?

    2. What is the estimated useful life of Netflix’s buildings?

    3. What the estimated useful life of Netflix’s corporate aircraft?

    4. Content assets represent the licensed and produced movies and series that Netflix provides to its customers. This asset is amortized. How much amortization expense was recorded for content assets in 2021? Report your answer in millions.

    5. Amortization expense for content assets is not separately reported on the income statement, but is instead included in which line item? (See page 22)

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