This preview shows page 1. Sign up to view the full content.
Unformatted text preview: that significantly extend the useful life of the asset are capitalized. Each team member should compile information about company name, depreciation method in use, and estimated useful lives for the selected company. Then, the team should compile a master list for all five companies. Discuss the similarities and differences. How can such information, in conjunction with information about cost and accumulated depreciation balances, be used to judge the relative age of a company's fixed assets? Of what value is such an assessment? In class, consider merging each team's data into a class wide study to determine the frequency of use of straight-line, double-declining balance, and other methods....
View Full Document
This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11