acc403module3case

acc403module3case - TUI UNIVERSITY PRINCIPLES OF ACCOUNTING...

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TUI UNIVERSITY PRINCIPLES OF ACCOUNTING ACC 403 MODULE 3 Case Assignment Dr Annette Hebble Gennaro A. Penn February 20, 2010
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The Central Valley Project used a three-step process in the allocation of CVP costs. The process consisted of (1) Identifying costs to be allocated, (2) Allocate costs to projects purposes, and (3) Calculating repayment responsibilities for each project purpose. The CVP financial statement reflects the costs of facilities that can be broadly group into six categories such as: Single-Purpose facilities- these features are included in the CVP cost allocation because Reclamation is responsible for collections under provisions of the repayment contract which costs are allocated to the water supply purpose and then set aside in a separate repayment contract category; the Multi-Purpose facilities – these features of the CVP serve multiple purposes such as dams and reservoirs, their existing cost allocations uses factors that were calculated in the 1975 reallocation study. Those factors identify the portion of costs for each multi-purpose
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acc403module3case - TUI UNIVERSITY PRINCIPLES OF ACCOUNTING...

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