ch09前半 - Chapter 9 Plant...

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Slide 9-1 Slide 9-2 Chapter 9 Plant Assets, Natural Resources, and Intangible Assets Financial Accounting, IFRS Edition Weygandt Kimmel Kieso Slide 9-3 1. Describe how the cost principle applies to plant assets. 2. Explain the concept of depreciation. 3. Compute periodic depreciation using different methods. 4. Describe the procedure for revising periodic depreciation. 5. Distinguish between revenue and capital expenditures, and explain the entries for each. 6. Explain how to account for the disposal of a plant asset. 7. Compute periodic depletion of extractable natural resources. 8. Explain the basic issues related to accounting for intangible assets. 9. Indicate how plant assets, natural resources, and intangible assets are reported. Study Objectives Slide 9-4 Plant Assets Determining the cost of plant assets Depreciation Revaluation of plant assets Expenditures during useful life Plant asset disposals Natural Resources Intangible Assets Statement Presentation and Analysis Presentation Analysis Accounting for intangibles Types of intangibles Research and development costs Plant Assets, Natural Resources, and Intangible Assets Accounting for extractable natural resources Financial statement presentation
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Slide 9-5 “Used in operations” and not for resale. Long-term in nature and usually depreciated. Possess physical substance. Plant assets include land, land improvements, buildings, and equipment (machinery, furniture, tools). Major characteristics include:
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This note was uploaded on 04/01/2011 for the course ACCT COST ACCT taught by Professor Wang during the Spring '11 term at National Taiwan University.

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ch09前半 - Chapter 9 Plant...

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