tailieunhanh - Lecture Survey of accounting (3/e) - Chapter 6: Accounting for long-term operational assets

In this chapter, you will be able to: Identify different types of long-term operational assets, determine the cost of long-term operational assets, explain how different depreciation methods affect financial statements,. | McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 6: Accounting for Long-Term Operational Assets 8- Learning Objectives Identify different types of long-term operational assets. Determine the cost of long-term operational assets. Explain how different depreciation methods affect financial statements. Determine how gains and losses on disposals of long-term operational assets affect financial statements. Show how revising estimates affects financial statements. Explain how continuing expenditures for operational assets affect financial statements. Explain how expense recognition for natural resources (depletion) affects financial statements. Explain how expense recognition for intangible assets (amortization) affects financial statements. Explain how expense recognition choices and industry characteristics affect financial performance measures. In this chapter, the learning objectives are: Identify different types of long-term . | McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 6: Accounting for Long-Term Operational Assets 8- Learning Objectives Identify different types of long-term operational assets. Determine the cost of long-term operational assets. Explain how different depreciation methods affect financial statements. Determine how gains and losses on disposals of long-term operational assets affect financial statements. Show how revising estimates affects financial statements. Explain how continuing expenditures for operational assets affect financial statements. Explain how expense recognition for natural resources (depletion) affects financial statements. Explain how expense recognition for intangible assets (amortization) affects financial statements. Explain how expense recognition choices and industry characteristics affect financial performance measures. In this chapter, the learning objectives are: Identify different types of long-term operational assets. Determine the cost of long-term operational assets. Explain how different depreciation methods affect financial statements. Determine how gains and losses on disposals of long-term operational assets affect financial statements. Show how revising estimates affects financial statements. Explain how continuing expenditures for operational assets affect financial statements. Explain how expense recognition for natural resources (depletion) affects financial statements. Explain how expense recognition for intangible assets (amortization) affects financial statements. Explain how expense recognition choices and industry characteristics affect financial performance measures. 8- Tangible versus Intangible Assets Tangible assets have a physical presence; they can be seen and touched. Intangible assets are rights or privileges. They cannot be seen or touched. 8- Tangible assets have a physical presence; they can be seen and touched. Intangible assets are rights or .