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Steven Popovic
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C describe the different depreciation methods for property, plant, and equipment, the effect of the choice of depreciation method on the financial statements, and the effects of assumptions concerning useful life and residual value on depreciation expense;
Describe The Different Depreciations Methods For PPE, The Effect Of The Choices Of Depreciation Method on the Financial statements, And The Effects Of Assumptions Concerning Useful Life And Residual Value On Depreciation Expense
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Practice
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A Dist. between costs that are capitalized and costs that are expensed in the period in which they are incurred
Dist. between 'costs that are capitalized' and 'costs that are expensed in the period in which they are incurred' aka expenses
Ex, 205, capitalizing v. expensing
Long-lived assets inc. tangible assets, intangible, financial and acct. est's and choices for long-lived assets affect the firms profits, ratios, and cash flow classifications.
Understanding effects and issues of capitalizing, or immediately expensing construction interest, R&D, and software costs
Capitalized costs, focus on t
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B Compare the financial reporting of the following types of intablible assets: purchased, internally developed, acquired in a business combination
Long-lived assets inc. tangible assets, intangible, financial and acct. est's and choices for long-lived assets affect the firms profits, ratios, and cash flow classifications.
Understanding effects and issues of capitalizing, or immediately expensing construction interest, R&D, and software costs
Capitalized costs, focus on t
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E describe the different amortization methods for intangible assets with finite lives, the effect of the choice of amortization method on the financial statements, and the effects of assumptions concerning useful life and residual value on amortization expense;
E. Describe the different amortization methods for intangible assets with finite lives, the effect of the choice of amortization method on the financial statements, and the effects of assumption concerning useful life and residual value on amortization expense.
Long-lived assets inc. tangible assets, intangible, financial and acct. est's and choices for long-lived assets affect the firms profits, ratios, and cash flow classifications.
Understanding effects and issues of capitalizing, o
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F Calc. Amort. Expense. ex 217
Calculate Amortization Expense
Long-lived assets inc. tangible assets, intangible, financial and acct. est's and choices for long-lived assets affect the firms profits, ratios, and cash flow classifications.
Understanding effects and issues of capitalizing, or immediately expensing construction interest, R&D, and software costs
Capitalized costs, focus on t
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G Describe the Revaluation Model
Long-lived assets inc. tangible assets, intangible, financial and acct. est's and choices for long-lived assets affect the firms profits, ratios, and cash flow classifications.
Understanding effects and issues of capitalizing, or immediately expensing construction interest, R&D, and software costs
Capitalized costs, focus on t
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H Explain the imparment of property, plant, and equipment and intangible assets
Long-lived assets inc. tangible assets, intangible, financial and acct. est's and choices for long-lived assets affect the firms profits, ratios, and cash flow classifications.
Understanding effects and issues of capitalizing, or immediately expensing construction interest, R&D, and software costs
Capitalized costs, focus on t
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I Explain the derecognition of PPE and intangible assets
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J Describe the financial statement presentation of and disclosures relating to PPE and intangible assets
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K Compare the Financial Reporting of Investment property w/ that of PPE
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d calculate depreciation expense;
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l1 30 long-lived assets
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