review%20for%20exam%203

review%20for%20exam%203 - Review for exam 3 I. Contents...

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Review for exam 3 I. Contents that will be tested for each chapter: Chapter 10: P472 to P480; P495 Acquisition cost of land Interest costs during construction: qualifying assets, capitalization period, amount to capitalize, actual interest costs and avoidable interest. o Conditions must be satisfied Sale of plant assets o Chapter 11: P522 to P528; Factors involved in the depreciation process Four major methods of depreciation: activity method, straight-line method, sum- of-the-years’-digits, double-declining-balance method. o Only on first 4 test o Not hybrid method o Chapter 12: P572 to P580; P584 to P585; P587 to 589 Main characteristics of intangibles o Not financial instruments o Lack physical substance Common types of intangibles o Valuation of intangibles Impairment of limited-life intangibles o TESTED ONLY ON LIMITED LIFE o 588-9 No calc of goodwill
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review%20for%20exam%203 - Review for exam 3 I. Contents...

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