Notes Ch 10

Notes Ch 10 - Jorge Rossello Busi 100 Chapter 10 Notes I....

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Jorge Rossello Busi 100 Chapter 10 Notes I. The Reporting of Property and Equipment a. Accumulated Depreciation: A contra-asset account created to measure the cost of a depreciable asset (such as buildings and equipment) that has been assigned to expense to date. b. Book Value: Original cost of a depreciable asset such as buildings and equipment less the total amount of accumulated depreciation to date; it is also called net book value or carrying value. c. Historical Cost: All normal and necessary amounts incurred to get an asset into the position and condition to help generate revenues; it is the starting basis for the balance sheet presentation of assets such as inventory, land, and equipment. d. Market Capitalization: Used to gauge the fair value of a business taken as a whole; Computed by multiplying a company’s current stock price times the number of ownership shares outstanding in the hands of the public. II.
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This note was uploaded on 04/26/2011 for the course BUSI 100 taught by Professor Unknown during the Spring '07 term at UNC.

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Notes Ch 10 - Jorge Rossello Busi 100 Chapter 10 Notes I....

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