This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Chapter 09 - Reporting and Interpreting Long-Lived Tangible and Intangible Assets CHAPTER 9 REPORTING AND INTERPRETING LONG-LIVED TANGIBLE AND INTANGIBLE ASSETS Student Learning Objectives and Related Assignment Materials Student Learning Objectives Mini- Exercises Exercises Coached Problems Problems (Groups A & B) Skills Development Cases Multi- chapter Material 1. Define, classify, and explain the nature of long-lived assets. 1 1 B4 3 2. Apply the cost principle to the acquisition of long-lived assets. 2, 3 2, 3, 4, 5 1, 3 A1, A3, A4, B1, B3, B4 1, 2, 4 C9-1 + 3. Apply various depreciation methods as economic benefits are used up over time. 1, 4*, 5*, 6*, 7 2, 3, 4, 5, 6*, 7*, 8, 9, 15 1, 3 A1, A3, A4, B1, B3, B4 1, 2, 3, 5, 6, 7 C9-1 + CC9 4. Explain the effect of asset impairment on the financial statements. 8 10, 13 A4, B4 5. Analyze the disposal of long-lived tangible assets. 9, 10 11* 2 A2, A4, B2, B4 5, 6 CC9 6. Analyze the acquisition, use, and disposal of long-lived intangible assets. 1, 2, 3, 11, 12 12, 13 3 A3, A4, B3, B4 1, 2, 3 7. Interpret the fixed asset turnover ratio. 13 1, 14, 15 1, 2, 3, 4 8. Describe factors to consider when comparing companies long-lived assets. 6 Supplement 9A: Natural Resources 14 16 Supplement 9B: Changes in Depreciation Estimates 15 17 * Animated solution included in the PowerPoint Slides. + C9-1 is a comprehensive problem that also incorporates topics from Chapters 4 (LO2 adjustments) and 8 (LO 2 bad debts). CC9 is a continuing case that builds on the story of Nicoles Getaway Spa, introduced in earlier chapters. This case focuses on analyzing transactions and preparing journal entries. This case will be extended in future chapters. 9-1 Chapter 09 - Reporting and Interpreting Long-Lived Tangible and Intangible Assets Overview An amusement park is the perfect setting for demonstrating the importance of long-lived tangible and intangible assets, which account for more than 97 percent of its total assets. Students learn accounting principles and practices applied when these assets are acquired, used, and disposed, and how these accounting decisions can affect performance evaluations. Chapter supplements explain accounting for natural resources (A) and changes in estimates (B). Synopsis of Chapter Revisions New chapter opener Partial year depreciation now integrated into the chapter Two new Spotlights discussing IFRSs accounting for component costs, R&D, and fair value Five new questions, four new mini-exercises, five new problems, and three new cases One new comprehensive problem One new continuing case PowerPoint Slides Student Learning Objective PowerPoint Slides 1. Define, classify, and explain the nature of long-lived assets. 9-1 through 9-3 2. Apply the cost principle to the acquisition of long-lived assets. 9-4 through 9-13 3. Apply various depreciation methods as economic benefits are used up over time....
View Full Document