Accounting%20II%20final%20review%20outline%20chapters%2010%2D11

Accounting%20II%20final%20review%20outline%20chapters%2010%2D11

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“Super-Quiz” Review Sheet Chapter 10 I-PLANT ASSETS -Costs of Plant Equipment (ex 10-1 and 2) -Lump-sum purchase (ex 10-3, problems 10-1A and 2A) -Definition of depreciation (allocation; matching principle) -3 depreciation methods (ex 10-4 and 5, problem 10-1A and 5A) -Partial year depreciation (Ex 10-6) -Revising depreciation (Ex 10-7, problem 10-3A and 4A) -Ordinary repairs, Extraordinary repairs, Betterments (Ex 10-9 and 10-10, problem 10- 3A) -Disposal of plant assets: a) Sales (ex 10-11, 10-12, Probs 10-4A, 10-6A); b) Exchanges-Similar assets (ex 10-18a, 10-19a); c) Exchanges-dissimilar assets (same rules as for similar assets except that gains are recorded). (ex 10-18a, 10-19a) II-NATURAL RESOURCES -Natural Resources (petroleum, minerals, timber) -Computation and recording of depletion into Depletion Expense and Accumulated Depletion accounts (ex 10-13 and problem 10-7A) III-INTANGIBLE ASSETS -Patents, Trademarks/Trade Names, Copyrights, Goodwill, Franchises/Licenses, Leaseholds and Leasehold Improvements
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Accounting%20II%20final%20review%20outline%20chapters%2010%2D11

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