Purchase the Module Below
9.0 A Brief Look Inside Long-Term Assets
A module overview beginning with the Buy and Use Transactions applied to Long-Term Assets.
9.1 Overview of Key Issues and Terminology of Long-Term Assets
Build on the 10 Basic Transactions and develop your language skills for long-term assets as a basis for the computations in the next modules.
9.2 Acquiring (Buying) a Long-Term Assets
Compare buying a building and a truck to build your understanding. Use these easy numbers for the next three methods.
9.3 Straight Line Depreciation
Learn by reviewing the example for straight line depreciation for four and five years and charted then practice.
9.4 Declining Balance Depreciation
Learn by reviewing the example for double declining balance depreciation for four and five years and charted then practice.
9.5 Activity Based Depreciation and Depletion
Learn by reviewing the example for activity based depreciation for four and five years and charted then practice.
9.6 Selling Long-Term Assets
Straightforward comparison of gain or loss when you dispose of your long-term asset.
9.7 Intangible Assets
Explore patents, copyrights, trademarks, franchise fees and goodwill with current examples.
9.8 Management, Internal Control and Ratio
Lock them up, the difference between GAAP and the Tax Code, and broad ratios for Asset Turnover and Return on Assets.
9.9 Changes to Long-Term Assets: Useful Life, Impairing, Errors
These may or may not be covered in your course, but if it is, here is the practical approach.