会计学原理文本教案 supplement fixed assets amp; depreciation methods

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1、会计学原理文本教案SupplementFixedAssets&DepreciationMethodsSupplementIFixedAssetsandDepreciationMethodsI.LearningObjectivesAftercompletingthissession,studentsshouldbeableto1.Understandtheclassificationsofassets.2.Definedepreciation.3.Determinethecostofafixedassetandun

2、derstandestimatedusefullife,salvagevalue,bookvalueandaccumulateddepreciation.4.Computedepreciationbythestraight-line,sum-of-the-years’-digits,anddouble-declining-balancemethods.5.Explainthecasheffectsoftransactionsinvolvingfixedassets.6.Accountfordisposaloffixeda

3、ssets.II.Classificationsofassets1.Currentassets:assetsthatcanbeconvertedintocashorconsumedwithinoneyearorthenormaloperatingcycleofthebusiness(whicheverislonger).2.Fixedassets:long-livedassetsheldbythebusinessforuseinitsoperationorinitssaleofotherassetsorservices.

4、Forourpurpose,fixedassetsincludeplantassets,naturalresources,andintangibleassets.III.Depreciation·systematicallocationofthecostofanassettoexpenseoveritsestimatedusefullife.(IAS)·Allfixedassetsexceptlandaresubjecttodepreciation.·Depreciationexpenseisnotacashoutflo

5、w.1.Costofanasset:allnecessaryandreasonablecostsincurredinbringingtheassetintothestateofbeingreadyforsaleorforuse.Example:CostofatelevisionsetboughtfromJapanshouldincludepurchaseprice,freight,insurance,importdutyandothernecessarycostsortaxes.2.Estimatedusefullife

6、:theperiodoftimeoverwhichanassetisexpectedtobeusedbythebusinessorthenumberofproductionorsimilarunitsexpectedtobeobtainedfromtheassetsbythebusiness.Howtoestimatetheusefullife?–engineeringestimates,pastevidence,manufacturer’sprojection3.Salvagevalue/residualvalue:t

7、heportionofanasset’scostexpectedtoberecoveredthroughsaleortrade-inoftheassetattheendofitsusefullife.4.Accumulateddepreciation:theportionofafixedassetrecognizedasexpensesincetheassetisacquired.5.Bookvalue/carryingvalue:Costofafixedassetminusaccumulateddepreciation

8、.IV.Depreciationmethods1.Straight-linemethod·allocatingthecostofafixedasset(lessanysalvagevalue)equallyoveritsestimatedusefullife.DepreciationTime·Mathematicfo