Chapter 10

Chapter 10 - 1. 1. Describe property, plant, and equipment....

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Unformatted text preview: 1. 1. Describe property, plant, and equipment. Describe property, plant, and equipment. 2. 2. Identify the costs to include in Identify the costs to include in initial valuation initial valuation of property, plant, and equipment. of property, plant, and equipment. 3. 3. Describe the accounting problems associated with self-constructed assets. Describe the accounting problems associated with self-constructed assets. 4. 4. Describe the accounting problems associated with Describe the accounting problems associated with interest capitalization. interest capitalization. 5. 5. Understand accounting issues related to acquiring and valuing plant assets. Understand accounting issues related to acquiring and valuing plant assets. 6. 6. Describe the accounting treatment for costs subsequent to acquisition. Describe the accounting treatment for costs subsequent to acquisition. 7. 7. Describe the accounting treatment for the disposal of property, plant, and equipment. Describe the accounting treatment for the disposal of property, plant, and equipment. Chapter 10 - Chapter 10 - ACQUISITION AND DISPOSITION ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND EQUIPMENT OF PROPERTY, PLANT, AND EQUIPMENT Chapter 10 - Chapter 10 - ACQUISITION AND DISPOSITION ACQUISITION AND DISPOSITION OF PROPERTY, PLANT, AND EQUIPMENT OF PROPERTY, PLANT, AND EQUIPMENT Acquisition Acquisition Acquisition costs: Acquisition costs: Land, buildings, Land, buildings, equipment equipment Self-constructed Self-constructed assets assets Interest costs Interest costs Observations Observations Valuation Valuation Cost Subsequent Cost Subsequent to Acquisition to Acquisition Dispositions Dispositions Cash discounts Cash discounts Deferred Deferred contracts contracts Lump-sum Lump-sum purchases purchases Stock issuance Stock issuance Nonmonetary Nonmonetary exchanges exchanges Contributions Contributions Other valuation Other valuation methods methods Sale Sale Involuntary Involuntary conversion conversion Miscellaneous Miscellaneous problems problems Additions Additions Improvements Improvements and and replacements replacements Rearrangement Rearrangement and reinstallation and reinstallation Repairs Repairs Summary Summary Acquisition and Disposition of Property, Acquisition and Disposition of Property, Plant, and Equipment Plant, and Equipment Acquisition and Disposition of Property, Acquisition and Disposition of Property, Plant, and Equipment Plant, and Equipment Used in operations and not for resale. Long-term in nature and usually depreciated. Possess physical substance....
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This note was uploaded on 11/29/2011 for the course ACC 375 taught by Professor Lash during the Spring '11 term at Rutgers.

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Chapter 10 - 1. 1. Describe property, plant, and equipment....

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