Home
Flashcards
Preview
Accounting Mod5
Home
Get App
Take Quiz
Create
additions and improvements
costs incurred that increase productivity, etc of asset.
Value is capitalized to asset
asset turnover
net sales / average total assets
Capital Cost Allowance
amortization method required by CRA
declining balance method of amortization
constant rate used
impairment loss
loss to not book value of asset htat is not recoverable
Operating Expenditures
expenditures that only benefit the current period
R&D costs
expensed
return on assets
net income / average total assets
straight-line method
divides cost of asset by estimated useful life
typically residual is taken off the netbook value
Double declining balance
less amortization every year.
No residual value taken off netbook value. You "fix" the final year to reach the residual value you need.
Author
ryanpoz
ID
145644
Card Set
Accounting Mod5
Description
Accounting Mod5 Long lived assets
Updated
2012-04-04T07:47:12Z
Show Answers
Home
Flashcards
Preview