TAILIEUCHUNG - Lecture Principles of Accounting: A focus on analysis and interpretation (8th edition): Chapter 10 - Hillman, Kochanek, Barsky

Chapter 10 - Long-term assets. In this chapter students will be able to: Identify the classifications of long-term assets, and describe how they are valued by allocating their costs to the periods they benefit; account for the acquisition costs of property, plant, and equipment. | Long-term Assets Types of Long-Term Assets Property, plant, and equipment Long-term assets acquired for use in operations Natural resources Long-term assets with a value that decreases through use or sale Types of Long-Term Assets Intangible assets Long-term assets that do not have physical substance Plant Asset Cost Purchase price (less cash discount) Plant Asset Cost Purchase price (less cash discount) plus all other reasonable and necessary expenditures Plant Asset Cost Purchase price (less cash discount) plus all other reasonable and necessary expenditures to prepare the asset for use Examples of Items Included Purchase price less any cash discount Shipping costs Installation costs Cost of modifications Interest cost during construction Depreciation Allocation of the cost of an asset to the periods the asset benefits Not a valuation process Factors in Estimating Depreciation Initial cost Estimated residual value Estimated Useful Life Depreciation Methods Straight-line allocate an

• Kế toán - Kiểm toán
• Principles of accounting
• Accounting information
• Lecture Principles of Accounting
• Long term assets
• Plant asset cost
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• 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