LO 1 | Describe plant assets and factors in accounting for them. |
LO 2 | Compute the reported cost of plant assets. |
LO 3 | Explain the factors that determine depreciation. |
LO 4 | Compute and record depreciation using the straightline, units-of-production, declining-balance, and MACRS methods. |
LO 5 | Distinguish between and account for revenue expenditures and capital expenditures. |
LO 6 | Account for asset disposals and exchanges. |
LO 7 | Account for natural resources and their depletion. |
LO 8 | Account for intangible assets and their amortization. |
LO 9 | Compute total asset turnover and apply it for analysis. |