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Unformatted text preview: prospective adjust it after that o Cost – accum. depre. = book value Sell asset o If equally value: + cash ; - asset,+Accu.Depre. o If not : + cash ; - asset & gain/loss from asset sale in I/S o If trade in allowance asset with dealer; gain/loss = trade-in balance – book value; if += gain, -= loss see “9.4A - Aug 15” Liability o Self amortizing loan Pay equally amount of money for every period As period increase interest is pay little by little while paying back to more loan o Bond Coupon Par value Period o Contingent loss Only incur it when Probable Estimable + liability , + loss ; note: this is payable HW o P9.2A & P9.4A – long-term asset o P10.1A & 10.4A - Liability...
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- Spring '14
- Expense, #, one year, I/S