Accounting Mod5

Card Set Information

Author:
ryanpoz
ID:
145644
Filename:
Accounting Mod5
Updated:
2012-04-04 03:47:12
Tags:
Accounting Mod
Folders:

Description:
Accounting Mod5 Long lived assets
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user ryanpoz on FreezingBlue Flashcards. What would you like to do?


  1. additions and improvements
    costs incurred that increase productivity, etc of asset.

    Value is capitalized to asset
  2. asset turnover
    net sales / average total assets
  3. Capital Cost Allowance
    amortization method required by CRA
  4. declining balance method of amortization
    constant rate used
  5. impairment loss
    loss to not book value of asset htat is not recoverable
  6. Operating Expenditures
    expenditures that only benefit the current period
  7. R&D costs
    expensed
  8. return on assets
    net income / average total assets
  9. straight-line method
    divides cost of asset by estimated useful life

    typically residual is taken off the netbook value
  10. 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.

What would you like to do?

Home > Flashcards > Print Preview