Ebook Financial accounting - In an economic context (8th edition): Part 2
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Ebook Financial accounting - In an economic context (8th edition): Part 2
Ebook Financial accounting - In an economic context (8th edition): Part 2
■ ìLong-Lived AssetsCHAPTER 9Major economic consequences associated with the methods used to account for long-lived assets.Costs that should be includ Ebook Financial accounting - In an economic context (8th edition): Part 2ded in the capitalized cost of a long-lived asset.Accounting treatment of postacquisition expenditures.• How the cost of a long-lived asset is allocated over its useful life and the alternative allocation methods.Disposition of long-lived assets.• The increasing importance of fair market value and i Ebook Financial accounting - In an economic context (8th edition): Part 2ssues that must be addressed when using fair market value as a basis for long-lived assets.Pie following key points are emphasized in this chapter:HowEbook Financial accounting - In an economic context (8th edition): Part 2
the matching principle underlies the methods used to account for long-lived assets.• Major questions addressed when accounting for long-lived assets ■ ìLong-Lived AssetsCHAPTER 9Major economic consequences associated with the methods used to account for long-lived assets.Costs that should be includ Ebook Financial accounting - In an economic context (8th edition): Part 2 solution manual visit http://downloaChapter 9 Long-Lived AssetsThe Pepsi Bottling Group recently reported that its depreciation expense will be lower, boosting the bottom line, due to successful maintenance allowing changes in asset depreciation. Depreciation lives on manufacturing equipment, for e Ebook Financial accounting - In an economic context (8th edition): Part 2xample, are being changed to fifteen from ten years. The company said the change would reduce depreciation expense by about $58 million and increase eEbook Financial accounting - In an economic context (8th edition): Part 2
arnings 22 cents a share. “The primary reason for this is that our extensive maintenance programs have enabled US to extend the operating lives of our■ ìLong-Lived AssetsCHAPTER 9Major economic consequences associated with the methods used to account for long-lived assets.Costs that should be includ Ebook Financial accounting - In an economic context (8th edition): Part 2ross companies and can have dramatic effects on reported income. These methods are covered in this chapter.I -ong-livcd assets are used in the operations of a business and provide benefits that extend beyond the current operating period. Included in this category of assets are land, buildings, machi Ebook Financial accounting - In an economic context (8th edition): Part 2nery, equipment, natural resource costs, intangible assets, and deferred costs.Land includes the cost of real estate used in the operations of the comEbook Financial accounting - In an economic context (8th edition): Part 2
pany. Fixed assets, such as buildings, machinery. and equipment, are often located on this real estate. Natural resource costs include the costs of ac■ ìLong-Lived AssetsCHAPTER 9Major economic consequences associated with the methods used to account for long-lived assets.Costs that should be includ Ebook Financial accounting - In an economic context (8th edition): Part 2, and natural gas). Intangible assets are characterized by rights, privileges, and benefits of possession rather than physical existence. Examples include the costs of acquiring patents, copyrights, trademarks, and goodwill. Deferred costs represent a miscellaneous category of intangible assets, oft Ebook Financial accounting - In an economic context (8th edition): Part 2en including prepaid expenses that provide benefits for a length of time that extends beyond the current period, organization costs, and other startupEbook Financial accounting - In an economic context (8th edition): Part 2
costs associated with beginning operations (e.g., legal and licensing fees). These definitions are often firm-specific. Land, for example, represents■ ìLong-Lived AssetsCHAPTER 9Major economic consequences associated with the methods used to account for long-lived assets.Costs that should be includ Ebook Financial accounting - In an economic context (8th edition): Part 2becomes a fixed asset on the balance sheet of United Airlines, the purchaser. The methods used to account for land, fixed assets, natural resource costs (often using an account called property, plant, and equipment), and intangible assets and deferred costs arc covered in this chapter.Shareholders, Ebook Financial accounting - In an economic context (8th edition): Part 2investors, creditors, managers, and auditors are interested in the nature and condition of a company's long-lived assets because such assets representEbook Financial accounting - In an economic context (8th edition): Part 2
the company's capacity to produce and sell goods and/or services in the future. Planning and executing major capital expenditures for such items as l■ ìLong-Lived AssetsCHAPTER 9Major economic consequences associated with the methods used to account for long-lived assets.Costs that should be includ Ebook Financial accounting - In an economic context (8th edition): Part 2cial ratio used to assess how efficiently a company uses its long-lived assets. In general, if the ratio is high, the company is generating large amounts of sales with a relatively small investment in long-lived assets. As discussed in the next section, this ratio may be particularly useful when com Ebook Financial accounting - In an economic context (8th edition): Part 2paring the relative performance of manufacturers and service enterprises.THE RELATIVE SIZE OF LONG-LIVED ASSETSAs Figure 9-1 illustrates, investmentsEbook Financial accounting - In an economic context (8th edition): Part 2
in noncurrcnt assets tend to be large for services, manufacturers, and retailers, and relatively small for Internet firms and financial institutions. ■ ìLong-Lived AssetsCHAPTER 9Major economic consequences associated with the methods used to account for long-lived assets.Costs that should be includ Ebook Financial accounting - In an economic context (8th edition): Part 2ers invest heavily in stores (Kroger and Lowe's), while natural resource production (Chevron)386to download more slides, ebooks, and solution manual visit http:/7downloaFIGURE 9-1Property, plant, and equipment plus intangibles as a percentage of total assetsProperty, Plant, and Equipment + Intangibl Ebook Financial accounting - In an economic context (8th edition): Part 2es/Total AssetsManufacturing: General Electric0.22Chevron (Oil drilling and refining)0.6Retail: Kroger (Grocery retail)0.66■ ìLong-Lived AssetsCHAPTER 9Major economic consequences associated with the methods used to account for long-lived assets.Costs that should be includ■ ìLong-Lived AssetsCHAPTER 9Major economic consequences associated with the methods used to account for long-lived assets.Costs that should be includGọi ngay
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