Evaluating How are the houses of the North American peoplesa reflection of the geography of their regions?
Financial Accounting Week 10 Bold: key word Green: definition Blue: to remember Yellow: important è: Therefore, in consequence Tuesday, November 1 , 2016 We talked about Accounting for the life of Plant Assets: 1. Acquisition costs 2. Cost of allocation/utilization: depreciation 3. Subsequent expenditures 4. Disposition: Update Depreciation. à Calculate Gain/Loss. à Record G/L. 1: If we buy real property, other examples of capitalizable costs are: transactions costs, commission (pay agent), attorneys. 2: Depreciation= cost allocation method, not a valuation method. à Book value does not necessarily equate fair value. GAAP says we measure our long-t