# Aacsb analytic aicpa bb critical thinking blooms

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AACSB: Analytic AICPA BB: Critical Thinking Blooms: Analyze Difficulty: 3 Hard Learning Objective: 11-08 Identify situations that involve a significant impairment of the value of property; plant; and equipment and intangible assets and describe the required accounting procedures. Spiceland - Chapter 11 #146 Topic: Identify situations that involve a significant impairment of the value of PP & E and intangible assets and describe the required accounting procedures

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11 Summary Category # of Ques tions AACSB: Analytic 85 AACSB: Diversity 21 AACSB: Reflective Thinking 61 AICPA BB: Critical Thinking 53 AICPA BB: Global 22 AICPA FN: Decision Making 1 AICPA FN: Measurement 70 Blooms: Analyze 8 Blooms: Apply 77 Blooms: Remember 34 Blooms: Understand 27 Difficulty: 1 Easy 47 Difficulty: 2 Medium 42 Difficulty: 3 Hard 57 Learning Objective: 11- 01 Explain the concept of cost allocation as it pertains to property; plant; and equipment and intangible assets. 23 Learning Objective: 11-02 Determine periodic depreciation using both time-based and activity-based methods. 59 Learning Objective: 11-03 Calculate the periodic depletion of a natural resource. 8 Learning Objective: 11-04 Calculate the periodic amortization of an intangible asset. 7 Learning Objective: 11- 05 Explain the appropriate accounting treatment required when a change is made in the service life or residual value of prop erty; plant; and equipment and intangible assets. 12 Learning Objective: 11- 06 Explain the appropriate accounting treatment required when a change in depreciation; amortization; or depletion method i s made. 7 Learning Objective: 11- 07 Explain the appropriate treatment required when an error in accounting for property; plant; and equipment and intangible assets is discovered. 3
Learning Objective: 11- 08 Identify situations that involve a significant impairment of the value of property; plant; and equipment and intangible asset s and describe the required accounting procedures. 25 Learning Objective: 11- 09 Discuss the accounting treatment of repairs and maintenance; additions; improvements; and rearrangements to property; plant; and equipment and intangible assets. 10 Learning Objective: 11- 10 Discuss the primary differences between U.S. GAAP and IFRS with respect to the utilization and impairment of property; plant; and equipment and intangible assets. 22 Learning Objective: 11-Appendix 11A Comparison with Macrs (Tax Depreciation). 1 Learning Objective: 11-Appendix 11B Retirement and Replacement Methods of Depreciation. 3 Spiceland - Chapter 11 156 Topic: Calculate the periodic amortization of an intangible asset 7 Topic: Calculate the periodic depletion of a natural resource 8 Topic: Comparison with Macrs (Tax Depreciation) 1 Topic: Determine periodic depreciation using both time-based and activity-based methods 59 Topic: Discuss the accounting treatment of repairs and maintenance, additions, improvements, and rearrangements to PP & E and intangible assets 10 Topic: Discuss the primary differences between U.S. GAAP and IFRS with respect to the utilization and impairment of PP & E and intangible assets 22 Topic: Explain the appropriate accounting treatment required when a change in depreciation, amortization, or depletion meth od is made 7
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