final review - Note to students: This is the study guide...

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Note to students: This is the study guide for the post-exam 2 material to be covered on the final exam. For the prior material, please use study guides for Midterm 1 and 2. Chapter 8 Understand the nature of long-lived assets Understand how accounting principle is applied to identify the what amounts should be included in the cost of long-lived assets Be able to calculate, record and report using the three depreciation methods, straight-line, units of production and double-declining balance Understand the impact of different depreciation methods on the financial statements Understand how to amortize intangible assets, in general and know that “goodwill” is not amortized Be able to record the disposal of long lived assets Recommended problems: AP8-3, AP8-5 Chapter 9 Be able to define, measure and report current and non current liabilities Understand the differences between operating leases and capital leases Understand what a contingent liability is
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This note was uploaded on 02/05/2011 for the course ACCT 301 taught by Professor Hasan during the Fall '09 term at George Mason.

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final review - Note to students: This is the study guide...

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