TAILIEUCHUNG - Ebook Intermediate accounting (9/E): Part 2

(BQ) Part 2 book “Intermediate accounting” has contents: Current liabilities and contingencies, accounting for income taxes, pensions and other postretirement benefits, share-based compensation and earnings per share, accounting changes and error corrections, and other contents. | CHAPTER 11 OVERVIEW Property, Plant, and Equipment and Intangible Assets: Utilization and Disposition This chapter completes our discussion of accounting for property, plant, and equipment and intangible assets. We address the allocation of the cost of these assets to the periods benefited by their use. The usefulness of most of these assets is consumed as the assets are applied to the production of goods or services. Cost allocation corresponding to this consumption of usefulness is known as depreciation for plant and equipment, depletion for natural resources, and amortization for intangibles. We also consider other issues until final disposal such as impairment of these assets and the treatment of expenditures subsequent to acquisition. LEARNING OBJECTIVES After studying this chapter, you should be able to: ● LO11–1 Explain the concept of cost allocation as it pertains to property, plant, and equipment and intangible assets. (p. 575) ● LO11–2 Determine periodic depreciation using both time-based and activity-based methods and account for dispositions. (p. 578) ● LO11–3 Calculate the periodic depletion of a natural resource. (p. 591) ● LO11–4 Calculate the periodic amortization of an intangible asset. (p. 593) ● LO11–5 Explain the appropriate accounting treatment required when a change is made in the service life or residual value of property, plant, and equipment and intangible assets. (p. 599) ● LO11–6 Explain the appropriate accounting treatment required when a change in depreciation, amortization, or depletion method is made. (p. 600) ● LO11–7 Explain the appropriate treatment required when an error in accounting for property, plant, and equipment and intangible assets is discovered. (p. 601) ● LO11–8 Identify situations that involve a significant impairment of the value of property, plant, and equipment and intangible assets and describe the required accounting procedures. (p. 603) ● LO11–9 Discuss the accounting treatment

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• Intermediate accounting
• Current liabilities
• Income taxes
• Pensions and other postretirement benefits
• Postretirement benefits
• Accounting changes
• Lecture Intermediate accounting
• Financial Accounting
• Accounting process
• Accounting equation
• Accounting processing cycle
• Stock issuance
• Estimating reserves
• Liquidating dividends
• Error corrections
• Accounting choices
• Theoretical structure
• Accrual accounting
• Financial accounting environment
• Accounting for leases
• Leasing environment
• Accounting by lessee
• Special accounting problems
• Cash versus accrual accounting
• International standard setting
• Accounting standards
• Accounting assists
• The challenges facing accounting
• Accounting for income taxes
• Deferred tax liabilities
• Error analysis
• Accounting policy
• Accounting estimate
• Accounting policies
• Financial reporting
• Accounting information system
• Measurement issues
• Characteristics of accounting
• Capital allocation process