Accounting Homework and Study Guides

Accounting Homework and Study Guides - maintenance expense...

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Acct 2901 Study guide for Quiz #3: There will be 2 problems and 2 short essay questions. Topics to review and study: o Methods of depreciation for tangible property o Methods of amortization for intangible property o What is goodwill? When recorded? Accounting treatment for goodwill. o o When to capitalize an expenditure vs. expense as current period repairs &
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Unformatted text preview: maintenance expense o Revising depreciation and/or amortization based on changes in estimates or otherwise o Recording liability transactions (notes, loans, accruals, other payables) o Calculating and recording interest expense, including adjusting entries o Understanding bonds and related terminology o Figuring periodic bond interest expense...
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