July 2012
Intermediate to advanced
840 pages
33h 32m
English
book
Financial Accounting, IFRS Edition: 2nd Edition
by Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Content preview from Financial Accounting, IFRS Edition: 2nd Edition
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| Chapter 9 | 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 extractable 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.
Feature Story
How Much for a Ride to the Beach?
It's summer vacation. Your plane has landed, you've finally found your bags, and you're dying to hit the Tylösand beach in Halmstad, Sweden—but first you need a “vehicular unit” to get you there. As you turn away from baggage claim, you see a long row of rental agency booths. First, you see booths for Hertz (USA) and Europcar (FRA). Then, a booth at the far end catches your eye—Rent-A-Wreck (USA). Now there's a company making a clear statement!
Any company that relies on equipment to generate revenues must ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.