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Unformatted text preview: pg639-641 Page question found on The difference between the LIFO inv. and the amt. used for internal reporting purposes Debit inv. For $2.2, debit Est. Liabl. On purchase committ for $300K Assets not currently undergoing the activities necessary to prepare them for their intented use capitialized if it increases the quantity of units produced by the machine service life refers to the time an asset will be used by a co. and physical life refers to how long the asset will last 33 pg638 56 all of the above pg648 69 included in the carrying amt of the related long-lived asset pg 659 99 $300,000 pg642 ? 107 $67,200; $96,000 pg648-651 112 Assets decrease $64,4120 and Liab increase $20,590 129 $22,500 Liquidatin is reasonably expected to require use of existing resources classified as C/A or creat other C/L...
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- Spring '11
- Accounting, Self number, pg