This page is very helpful those students they prepare junior engineer exam like.. SSC JEn, PWD, PHED, RSEB, BSNL JTO, TTA, WRD, DMRC, JMRC, RIICO etc .
Visitor’s Evaluation on Facilities and Services Using ImportancePerformance A...iosrjce
IOSR Journal of Environmental Science, Toxicology and Food Technology (IOSR-JESTFT) multidisciplinary peer-reviewed Journal with reputable academics and experts as board member. IOSR-JESTFT is designed for the prompt publication of peer-reviewed articles in all areas of subject. The journal articles will be accessed freely online.
This page is very helpful those students they prepare junior engineer exam like.. SSC JEn, PWD, PHED, RSEB, BSNL JTO, TTA, WRD, DMRC, JMRC, RIICO etc .
Visitor’s Evaluation on Facilities and Services Using ImportancePerformance A...iosrjce
IOSR Journal of Environmental Science, Toxicology and Food Technology (IOSR-JESTFT) multidisciplinary peer-reviewed Journal with reputable academics and experts as board member. IOSR-JESTFT is designed for the prompt publication of peer-reviewed articles in all areas of subject. The journal articles will be accessed freely online.
Plant Assets, Plant assets and equipment, land, land improvements, Building, depreciation, computing depreciation, depreciation methods, straight line, units of activity, depreciation and taxes, plant assets disposal, retirement of plant assets, gain on disposal, lost on disposal, jose cintron, advance business consulting, mba4help.com
Plant Assets, Plant assets and equipment, land, land improvements, Building, depreciation, computing depreciation, depreciation methods, straight line, units of activity, depreciation and taxes, plant assets disposal, retirement of plant assets, gain on disposal, lost on disposal, jose cintron, advance business consulting, jose cintron, MBA, mba4help.com, Plant Assets, Plant assets and equipment, land, land improvements, Building, depreciation, computing depreciation, depreciation methods, straight line, units of activity, depreciation and taxes, plant assets disposal, retirement of plant assets, gain on disposal, lost on disposal, jose cintron, advance business consulting, jose cintron, MBA, mba4help.com
Property Plan, Plan assets, Equipment, Land, building, journal entries, property plan and equipment, advance business consulting, jose cintron, mba4help.com
396
Chapter
Plant Assets, Natural
Resources, and
Intangible Assets
After studying this chapter, you should be
able to:
1 Describe how the cost principle applies
to plant assets.
2 Explain the concept of depreciation.
3 Compute periodic depreciation using
different methods.
4 Describe the procedure for revising
periodic depreciation.
5 Distinguish between revenue and
capital expenditures, and explain the
entries for each.
6 Explain how to account for the disposal
of a plant asset.
7 Compute periodic depletion of natural
resources.
8 Explain the basic issues related to
accounting for intangible assets.
9 Indicate how plant assets, natural
resources, and intangible assets are
reported.
S T U D Y O B J E C T I V E S
Feature Story
The Navigator✓
9
HOW MUCH FOR A RIDE TO THE BEACH?
It’s spring break. Your plane has landed, you’ve finally found your bags, and
you’re dying to hit the beach—but first you need a “vehicular unit” to get
Scan Study Objectives ■
Read Feature Story ■
Read Preview ■
Read text and answer
p. 402 ■ p. 409 ■ p. 412 ■ p. 417 ■
Work Comprehensive p. 421 ■
p. 422 ■
Review Summary of Study Objectives ■
Answer Self-Study Questions ■
Complete Assignments ■
The Navigator✓
Do it!
Do it!
JWCL165_c09_396-443.qxd 8/4/09 9:39 PM Page 396
397
you there. As you turn
away from baggage claim
you see a long row of
rental agency booths.
Many are names you are
familiar with—Hertz, Avis,
and Budget. But a booth
at the far end catches your
eye—Rent-A-Wreck
(www.rent-a-wreck.com).
Now there’s a company
making a clear statement!
Any company that relies
on equipment to generate
revenues must make decisions about what kind of equipment to buy, how
long to keep it, and how vigorously to maintain it. Rent-A-Wreck has decided
to rent used rather than new cars and trucks. It rents these vehicles across
the United States, Europe, and Asia. While the big-name agencies push
vehicles with that “new car smell,” Rent-A-Wreck competes on price. The
message is simple: Rent a used car and save some cash. It’s not a message
that appeals to everyone. If you’re a marketing executive wanting to impress
a big client, you probably don’t want to pull up in a Rent-A-Wreck car. But if
you want to get from point A to point B for the minimum cash per mile, then
they are playing your tune. The company’s message seems to be getting
across to the right clientele. Revenues have increased significantly.
When you rent a car from Rent-A-Wreck, you are renting from an independ-
ent business person who has paid a “franchise fee” for the right to use the
Rent-A-Wreck name. In order to gain a franchise, he or she must meet finan-
cial and other criteria, and must agree to run the rental agency according to
rules prescribed by Rent-A-Wreck. Some of these rules require that each fran-
chise maintain its cars in a reasonable fashion. This ensures that, though you
won’t be cruising down Daytona Beach’s Atlantic Avenue in a Mercedes con-
ver.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Plant Assets, Plant assets and equipment, land, land improvements, Building, depreciation, computing depreciation, depreciation methods, straight line, units of activity, depreciation and taxes, plant assets disposal, retirement of plant assets, gain on disposal, lost on disposal, jose cintron, advance business consulting, mba4help.com
Plant Assets, Plant assets and equipment, land, land improvements, Building, depreciation, computing depreciation, depreciation methods, straight line, units of activity, depreciation and taxes, plant assets disposal, retirement of plant assets, gain on disposal, lost on disposal, jose cintron, advance business consulting, jose cintron, MBA, mba4help.com, Plant Assets, Plant assets and equipment, land, land improvements, Building, depreciation, computing depreciation, depreciation methods, straight line, units of activity, depreciation and taxes, plant assets disposal, retirement of plant assets, gain on disposal, lost on disposal, jose cintron, advance business consulting, jose cintron, MBA, mba4help.com
Property Plan, Plan assets, Equipment, Land, building, journal entries, property plan and equipment, advance business consulting, jose cintron, mba4help.com
396
Chapter
Plant Assets, Natural
Resources, and
Intangible Assets
After studying this chapter, you should be
able to:
1 Describe how the cost principle applies
to plant assets.
2 Explain the concept of depreciation.
3 Compute periodic depreciation using
different methods.
4 Describe the procedure for revising
periodic depreciation.
5 Distinguish between revenue and
capital expenditures, and explain the
entries for each.
6 Explain how to account for the disposal
of a plant asset.
7 Compute periodic depletion of natural
resources.
8 Explain the basic issues related to
accounting for intangible assets.
9 Indicate how plant assets, natural
resources, and intangible assets are
reported.
S T U D Y O B J E C T I V E S
Feature Story
The Navigator✓
9
HOW MUCH FOR A RIDE TO THE BEACH?
It’s spring break. Your plane has landed, you’ve finally found your bags, and
you’re dying to hit the beach—but first you need a “vehicular unit” to get
Scan Study Objectives ■
Read Feature Story ■
Read Preview ■
Read text and answer
p. 402 ■ p. 409 ■ p. 412 ■ p. 417 ■
Work Comprehensive p. 421 ■
p. 422 ■
Review Summary of Study Objectives ■
Answer Self-Study Questions ■
Complete Assignments ■
The Navigator✓
Do it!
Do it!
JWCL165_c09_396-443.qxd 8/4/09 9:39 PM Page 396
397
you there. As you turn
away from baggage claim
you see a long row of
rental agency booths.
Many are names you are
familiar with—Hertz, Avis,
and Budget. But a booth
at the far end catches your
eye—Rent-A-Wreck
(www.rent-a-wreck.com).
Now there’s a company
making a clear statement!
Any company that relies
on equipment to generate
revenues must make decisions about what kind of equipment to buy, how
long to keep it, and how vigorously to maintain it. Rent-A-Wreck has decided
to rent used rather than new cars and trucks. It rents these vehicles across
the United States, Europe, and Asia. While the big-name agencies push
vehicles with that “new car smell,” Rent-A-Wreck competes on price. The
message is simple: Rent a used car and save some cash. It’s not a message
that appeals to everyone. If you’re a marketing executive wanting to impress
a big client, you probably don’t want to pull up in a Rent-A-Wreck car. But if
you want to get from point A to point B for the minimum cash per mile, then
they are playing your tune. The company’s message seems to be getting
across to the right clientele. Revenues have increased significantly.
When you rent a car from Rent-A-Wreck, you are renting from an independ-
ent business person who has paid a “franchise fee” for the right to use the
Rent-A-Wreck name. In order to gain a franchise, he or she must meet finan-
cial and other criteria, and must agree to run the rental agency according to
rules prescribed by Rent-A-Wreck. Some of these rules require that each fran-
chise maintain its cars in a reasonable fashion. This ensures that, though you
won’t be cruising down Daytona Beach’s Atlantic Avenue in a Mercedes con-
ver.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...jamalseoexpert1978
Farman Ayaz Khattak and Ehtesham Matloob are government officials in CTW Counter terrorism wing Islamabad, in Federal Investigation Agency FIA Headquarters. CTW and FIA kidnapped crypto currency owner from Islamabad and snatched 200 Bitcoins those worth of 4 billion rupees in Pakistan currency. There is not Cryptocurrency Regulations in Pakistan & CTW is official dacoit and stealing digital assets from the innocent crypto holders and making fake cases of terrorism to keep them silent.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
2. • Capital assets are long-lived assets that are
used in the operations of a business and are
not intended for sale to customers.
• Capital assets are subdivided into two
classes:
1. Tangible (with physical
substance)
2. Intangible (without
physical substance)
CAPITAL ASSETSCAPITAL ASSETS
3. TANGIBLE ASSETSTANGIBLE ASSETS
Tangible assets include:
• property, plant and equipment
• natural resources such as mineral deposits,
oil and gas reserves, and timber
4. PROPERTY, PLANT AND EQUIPMENTPROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment can be
classified as:
1. Land (Non-Depreciable)
2. Land improvements (Depreciable)
3. Buildings (Depreciable)
4.Equipment (Depreciable)
**Land is the only capital asset that is
not amortized/ depreciated.
6. • Capital assets are recorded at cost in
accordance with the cost principle.
• Cost consists of all expenditures necessary
to 1) acquire the asset and 2) make it ready for
its intended use.
• These costs include purchase price,
freight costs, and installation costs.
• Expenditures that are not necessary
should be recorded as expenses,
losses, or other assets.
Invoice
DETERMINING THE COST OFDETERMINING THE COST OF
CAPITAL ASSETSCAPITAL ASSETS
7. COMPUTATION OF COST OF LANDCOMPUTATION OF COST OF LAND
Sometimes purchased land has a building on it that must
be removed to make the site suitable for construction of
a new building. In this case, all demolition and removal
costs less any proceeds from salvaged materials are
chargeable to the Land account.
Land
Cash price of property 100,000$
Net removal cost of warehouse 6,000
Legal fee 3,000
Cost of land 109,000$
8. COMPUTATION OF COST OFCOMPUTATION OF COST OF
DELIVERY TRUCKDELIVERY TRUCK
The cost of equipment consists of the cash purchase price
(22,000), provincial sales taxes (2000), freight charges
(500), and insurance during transit paid by the purchaser
(1000). It also includes expenditures required in
assembling (200), installing (300), and testing (200) the
unit. However, recurring costs such as motor vehicle
licenses (1000) and accident insurance (1,500) on company
cars and trucks are expensed as incurred.
So, what is the total o this Delivery Truck???
$26,200?? OR $28,700??
Why $26,200 is correct??
9. Three factors that affect the computation of
depreciation are:
FACTORS IN COMPUTINGFACTORS IN COMPUTING
DEPRECIATIONDEPRECIATION
1. Cost: all expenditures necessary to acquire the asset
and make it ready for intended use.
2. Useful life: estimate of the expected life based on
need for repair, service life, and vulnerability to
obsolescence.
3. Salvage value: estimate of the asset’s value at the
end of its useful life.
10. DEPRECIATION METHODSDEPRECIATION METHODS
Three methods of recognizing amortization are:
1. Straight-line,
2. Units of activity, and
3. Declining-balance.
Each method is acceptable under generally accepted
accounting principles (GAAP). Management selects the
method that is appropriate for their company. Once a
method is chosen, it should be applied consistently.
11. FORMULA FOR STRAIGHT-LINE METHODFORMULA FOR STRAIGHT-LINE METHOD
Cost Salvage
Value
Depreciable
Cost
Useful Life
(in Years)
Annual
Depreciation
Expense
Depreciable
Cost
$25,000 - $2,000 = $23,000
$23,000 ÷ 5 = $4,600
12. FORMULA FORFORMULA FOR
DECLINING-BALANCE METHODDECLINING-BALANCE METHOD
Unlike the other amortization methods, salvage value is ignored
in determining the amount to which the declining balance rate is
applied.
A common application of the declining-balance method is the
double-declining-balance method, in which the declining-balance
rate is double the straight-line rate.
If Kim’s Florists uses the double-declining-balance method, the
amortization is 40% (2 x the straight-line rate of 20%).
Straight-
Line Rate
x2
Depreciation
Expense
Depreciable
Cost
per Unit
$25,000 x 40% = $10,000
13. FORMULA FOR UNITS-OF-ACTIVITY METHODFORMULA FOR UNITS-OF-ACTIVITY METHOD
Depreciable
Cost
Total
Units of
Activity
Depreciable
Cost per Unit
$23,000 ÷ 200,000 km = $0.115
Units of
Activity during
the Year
Annual
Depreciation
Expense
Depreciable
Cost per Unit
$0.115 x 30,000 km = $3,450
14. Capital assets may be disposed of by
a) retirement
b) sale, or
c) exchange
CAPITAL ASSET DISPOSALSCAPITAL ASSET DISPOSALS
15. • A patent is an exclusive right issued by the Federal
Government that enables the recipient to
manufacture, sell, or otherwise control his or her
invention for a period of 20 years from the date of
filing the application.
PATENTSPATENTS
16. • Copyrights are granted by the federal
government, giving the owner the
exclusive right to reproduce and sell
an artistic or published work.
• Copyrights extend for the life of the
creator plus 50 years or useful life,
whichever is shorter.
COPYRIGHTSCOPYRIGHTS
17. • A trademark or trade name is a word,
phrase, jingle, or symbol that distinguishes
or identifies a particular enterprise or
product.
• If the trademark or trade name is
purchased, the cost is the purchase price.
• If it is developed by a company, the cost
includes legal fees, registration fees, design
costs, and successful legal defence fees.
• Intangible assets with indefinite useful lives
are not depreciated.
TRADEMARKS AND TRADE NAMESTRADEMARKS AND TRADE NAMES
18. • A franchise is a contractual arrangement
under which the franchiser grants the
franchisee the right to sell certain products,
to render specific services, or to use certain
trademarks or trade names, usually within
a designated geographical area.
• Another type of franchise, commonly
referred to as a license or permit, is entered
into between a governmental body and a
business enterprise and permits the
enterprise to use public property in
performing its services.
FRANCHISES AND LICENSESFRANCHISES AND LICENSES
19. • Goodwill is the value of all favourable
attributes that relate to a business
enterprise.
• These attributes may include exceptional
management, desirable location, good
customer relations, and skilled employees.
• Goodwill cannot be sold individually in
the marketplace; it can be identified only
with the business as a whole.
GOODWILLGOODWILL