chapter 8, long-lived tangible and intangible assets the source 8章，长寿的有形和无形资产的来源

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1、FINANCIALACCOUNTINGANINTRODUCTIONTOCONCEPTS,METHODS,ANDUSES12thEditionChapter8–Long-LivedTangibleandIntangibleAssets:TheSourceofOperatingCapacityClydeP.StickneyandRomanL.WeilLearningObjectivesUnderstandtheconceptsofdistinguishingexpendituresthataccountantscapitalizeasassets

2、,andsubsequentlydepreciateoramortize,fromexpendituresthataccountantsexpenseintheperiodincurred.Understandtheconceptsunderlyingthemeasurementofacquisitioncostforanasset.Understanddepreciationandamortizationasprocessesofcostallocation,notofvaluation.LearningObjectives(cont.)D

3、evelopskillstocomputedepreciationoramortizationundervariouscommonlyusedmethods.Developtheskillstore-computedepreciationoramortizationforchangesinestimatesofservicelivesandsalvagevalues.Developtheskillstocomputeanimpairmentlossonlong-livedassets.Developtheskillstorecordthere

4、tirementofassetsatvarioussellingprices.ChapterOutline1.Capitalizationversusimmediateexpensing2.Measurementofacquisitioncosts3.Treatmentofacquisitioncostoverlifeofasset4.Depreciationandamortization:fundamentalconcepts5.Depreciationandamortizationmeasurement6.Impactofnewinfor

5、mationaboutlong-livedassets7.RetirementofassetsChapterOutline(Cont.)FinancialstatementpresentationAnalyzingfinancialstatementdisclosuresoflong-livedassetsAninternationalperspectiveChapterSummaryAppendix8.1:EffectsontheStatementofCashFlowsoftransactionsinvolvinglong-livedtan

6、gibleandintangibleassetsDifferentiatebetweenCapitalizingversusImmediateExpensingShouldfirmstreatexpendituresas:1.Expensesintheperiodincurred,or2.Assets(thatis,capitalizethecost)?Anexpenditureisanassetifthefirm:1.hasacquiredrightstofutureuseastheresultofapasttransaction,and2

7、.canmeasureorquantifythefuturebenefits.PatternsofExpirationofCostsRecognizingtheexpirationofthecostofanassetneednotbelinear.Therearemanyotherpatternseachwithsomeadvantagesanddisadvantages.Thefollowingsummarizesthepossibilities:A.accelerateddepreciationS.straight-linedepreci

8、ationD.decelerateddepreciationE.expenseimmediatelyN.nodepreciationAcquisitionCosts