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A304: Chapter 8 - Coggle Diagram
A304: Chapter 8
8.3 - Cost allocation methods to assets held over time
Depreciation concepts
net book value
estimated useful life
salvage value
Alternative depreciation methods
straight-line method
units-of-production method
declining-balance method
How managers choose
Financial reporting
Tax reporting
8.2 - Measure the acquisition and mantainence of PPE
Measuring and recording acquisition cost
Cash
Debt
Equity
Construction
Repairs, maintenance, and improvements
Ordinary repairs and maintenance
improvements
8.5 - Disposal of PPE
Entry to update depreciation expense and accumulated depreciation
Entry to record the disposal
8.6 - Measurement and reporting for intangible assets and natural resources
Acquisition and amortization of intangible assets
Goodwill
Trademarks
Copyrights
Technology
Patents
Franchises
Licsencing and Operating Rights
Acquisition and depletion of natural resources
8.1 - Long-lived productive assets + fixed asset turnover ratio
Classifying long lived assets
Tangible assets
Intangible assets
8.4 - Effect of asset impairment on financial statements
Measuring asset impairment
Step 1: Check if indicator of impairment are present
Step 2: Test recoverability of long-lived assets
Step 3: Measure impairment of long-lived assets