TAILIEUCHUNG - Lecture Accounting principles (11E): Chapter 10 - Coby Harmon

After completing this chapter you should be able to: Describe how the historical cost principle applies to plant assets, explain the concept of depreciation and how to compute it, explain how to account for the disposal of a plant asset,.and other contents. | Prepared by Coby Harmon University of California, Santa Barbara Westmont College 10-1 10 Plant Assets, Natural Resources, and Intangible Assets Learning Objectives After studying this chapter, you should be able to: [1] Describe how the historical cost principle applies to plant assets. [2] Explain the concept of depreciation and how to compute it. [3] Distinguish between revenue and capital expenditures, and explain the entries for each. [4] Explain how to account for the disposal of a plant asset. [5] Compute periodic depletion of natural resources. [6] Explain the basic issues related to accounting for intangible assets. [7] Indicate how plant assets, natural resources, and intangible assets are reported. 10-2 Preview of Chapter 10 Accounting Principles Eleventh Edition Weygandt Kimmel Kieso 10-3 Plant Assets Plant assets are resources that have physical substance (a definite size and shape), are used in the operations of a business, are not intended for sale to customers, are expected to provide service to the company for a number of years. Referred to as property, plant, and equipment; plant and equipment; and fixed assets. 10-4 LO 1 Describe how the cost principle applies to plant assets. Plant Assets Plant assets are critical to a company’s success Illustration 10-1 10-5 LO 1 Describe how the cost principle applies to plant .

• Kế toán - Kiểm toán
• Lecture Accounting principles
• Accounting principles
• Plant assets
• Natural resources
• Intangible assets
• Explain how to account
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Accounting information
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting