User Account

All Pages

Explain the general rule for cost inclusion for plant assets

Assignment Help Accounting Basics
Reference no: EM13812723

Question:

What characteristics of a plant asset make it different from other assets? Explain the general rule for cost inclusion for plant assets.

Identify events that might lead to disposal of a plant asset. Does the balance in the accumulated depreciation account represent funds to replace the asset when it wears out? If not, what does it represent?

What are the characteristics of an intangible asset? If an intangible asset has a limited life how is its cost allocated?

Note: You may use the book and other sources to answer questions. You cannot use Wikipedia. Make sure you cite your sources. Need at least 5 complete sentences. Must reply to at least one other person.

Reference no: EM13812723

Questions Cloud

Training program for a group of twenty employees : Design a two (2) day training program for a group of twenty (20) employees. Identify two to three (2-3) training needs though a Training Needs Analysis (TNA) and justify an approach for this training.
What are potential benefits and consequences of developing : What are the potential benefits and consequences of developing
Develop a program for the pic : To develop a program for the PIC 16F84A using the MPLAB v8 IDE simulator software. The program is to convert your student number (10 ASCII characters), one character at a time, to 74210 code
Identify the best value discipline-generic strategy : Identify the best value discipline, generic strategy, and grand strategy for your organization. Recommend a strategy or combination of strategies the organization should implement.
Explain the general rule for cost inclusion for plant assets : What characteristics of a plant asset make it different from other assets? Explain the general rule for cost inclusion for plant assets.
Contingency plans for identified risks : Any required organizational change management strategies that would enhance successful implementation. Key success factors, budget, and forecasted financials, including a break-even chart. Risk management plan, including contingency plans for identif..
About capitalists effects towards society : Capitalists effects towards society
Discussion-introduction to project crashing : What situations warrant project crashing? Did you ever crash an activity/project that you were responsible for? Did you require additional resources to do so? What were the effects (positive and negative) of crashing that activity/project?
Developing an online database : When a member logs onto the database, all session information, such as IP address, terminal, and user session information, must be recorded for future analysis.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the average waiting time

Diane, the tool crib attendant, works eight hours a day, five days a week. Each order is for one small tool and each small tool takes Diane 2 minutes to retrieve from the bins. What is the average waiting time, in minutes?

  Capriati corp-equity securities entries

Journal entries for equity securities for Capriati Corp in 2012, their first year of business, including unrealized gains or losses in 2012:

  Cost of machining per ceiling fan

Brannon company manufactures ceiling fans and uses an activity-based costing system. Each ceiling fan consists of 20 separate parts totaling $95 in direct materials, and requires 2.5 hours of machine time produce. What is the cost of machining per..

  On december 31 2013 ramon corp has 500000 oustanding common

on december 31 2013 ramon corp has 500000 oustanding common shares and 62000 shares of 100 par value 6 cumulative

  Presley products inc is a manufacturer of limited edition

presley products inc. is a manufacturer of limited edition dolls. they use operations costing to measure and track the

  In august 2011 legendary investor warren buffett wrote in a

in august 2011 legendary investor warren buffett wrote in a new york times op-ed while the poor and middle class fight

  Prepare a journal entry

You note that the carload was shipped December 24 from Albuquerque, f.o.b. Albuquerque, and that the total invoice price of the goods in the car was $35,300. The freight bill called for a payment of $1,500. Terms were net 30 days. The bookkeeper a..

  Recognizing the retirement of the bonds

Foster Corporation issued a $100,000, 10-year, 10 percent bond on January 1, 2010, for $112,000. Foster uses the straight-line method of amortization. On April 1, 2013, Foster reacquired the bonds for retirement when they were selling at 102 on th..

  A machine which has a 10 year life will cost 11000 now with

a machine which has a 10 year life will cost 11000 now with annual operating costs of 500 the first year and increasing

  Tamar co manufactures a single product in one department

tamar co. manufactures a single product in one department. all direct materials are added at the beginning of the

  The gilster company a machine tooling firm has several

the gilster company a machine tooling firm has several plants. one plant located in st. falls minnesota uses a job

  According to the accountant of ulner inc its payroll taxes

according to the accountant of ulner inc. its payroll taxes for the week were as follows 198.40 for fica taxes 19.84

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd