PLANT AND INTANGIBLE ASSETS What kind of plant and intangible assets would you expect United Parcel Service to have? Probably the first thing you would think of is vehicles, primarily trucks, because you are used to seeing UPS trucks on the streets and highways virtually every day. In addition, UPS has a very large investment in aircraft. In fact, property, plant, and equipment make up over 43 percent of UPS 's total assets ($15,289 of $35,222 million), according to the company's 2005 consolidated balance sheet. Of the $15,289 million, aircraft is the largest single type of asset and another large category is vehicles. Plant assets are important for a company such as United Parcel Service to be successful in its daily operations. The exact types and amount of plant assets used by a particular company depend on the nature of the company and its operations. Virtually all companies need some type of plant assets to operate efficiently and be successful. In addition, some companies require certain intangible assets to do business. Intangibles are rights and privileges that have been developed or acquired, such as trade names and patents; these may be as important to a business as its equipment, buildings, and land. AFTER STUDYING THIS CHAPTER, YOU SHOULD BE ABLE TO: Determine the cost of plant assets. Distinguish between capital expenditures and revenue expenditures. Compute depreciation by the straight-line and declining-balance methods. Account for depreciation using methods other than straight-line or declining-balance. Account for the disposal of plant assets. Explain the nature of intangible assets, including goodwill. Account for the depletion of natural resources. Explain the cash effects of transactions involving plant assets.
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Home > Chapter 9

Choose one...Chapter 1Chapter 2Chapter 3Chapter 4Chapter 5Chapter 6Chapter 7Chapter 8Chapter 9Chapter 10Chapter 11Chapter 12Chapter 13Chapter 14Chapter 15Chapter 16Chapter 17Chapter 18Chapter 19Chapter 20Chapter 21Chapter 22Chapter 23Chapter 24Chapter 25Chapter 26Appendix BAppendix C

More Resources PowerPoint Presentations eBook Chapter Opener Acquisitions of Plant ... Depreciation Other Depreciation Met... Disposal of Plant and ... Intangible Assets Natural Resources Plant Transactions and... Concluding Remarks Summary of Learning Ob... Key Terms Introduced o... Demonstration Problem Self-Test Questions Assignment Material Brief Exercises Exercises Problem Set A Problem Set B Critical Thinking Cases Answers to Self-Test Q...

Choose one...Chapter 1Chapter 2Chapter 3Chapter 4Chapter 5Chapter 6Chapter 7Chapter 8Chapter 9Chapter 10Chapter 11Chapter 12Chapter 13Chapter 14Chapter 15Chapter 16Chapter 17Chapter 18Chapter 19Chapter 20Chapter 21Chapter 22Chapter 23Chapter 24Chapter 25Chapter 26Appendix BAppendix C

More Resources PowerPoint Presentations eBook Chapter Opener Acquisitions of Plant ... Depreciation Other Depreciation Met... Disposal of Plant and ... Intangible Assets Natural Resources Plant Transactions and... Concluding Remarks Summary of Learning Ob... Key Terms Introduced o... Demonstration Problem Self-Test Questions Assignment Material Brief Exercises Exercises Problem Set A Problem Set B Critical Thinking Cases Answers to Self-Test Q...