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Long-Term Assets Exercises II

by Christopher J. Skousen Larry M. Walther
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1 Review
25
Language:  English
This exercise book is the second of three exercise books that correspond directly with the Long-Term Assets textbook.
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This exercise book is the second of three exercise books that correspond directly with the Long-Term Assets textbook. The exercises relate specifically to Part 2 of the Long-Term Assets textbook. Exercises focus on accounting for property, plant, and equipment. Topics include: acquisition of cost assignment, interest cost, lump-sum acquisitions, materiality, and leases. The exercises also cover depreciation methodologies, such as, straight line, units-of-output, double-declining balance, and sum-of-years’-digits.

  1. Problem 1
    1. Worksheet
    2. Solution
  2. Problem 2
    1. Worksheet
    2. Solution
  3. Problem 3
    1. Worksheet
    2. Solution
  4. Problem 4
    1. Worksheet
    2. Solution
  5. Problem 5
    1. Worksheet
    2. Solution
  6. Problem 6
    1. Worksheet
    2. Solution
  7. Problem 7
    1. Worksheet
    2. Solution
Kari HIra
I find it very useful. The information in this book has help me a lot thanks.
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About the Authors
Christopher

Christopher J. Skousen

Chris Skousen, Ph.D. is a Professor and Head of the School of Accountancy at Utah State University. He obtained his Ph.D. at Oklahoma State University and earned MBA and BA degrees from Utah State University. Dr. Skousen gained public accounting auditing experience with KPMG in their Portland, Oregon office, and as an intern in their in Düsseldorf, Germany office, and at Squire & Co. Dr. Skousen has taught accounting at Utah State University, The University of Texas at Arlington, Oklahoma State University, and Brigham Young University-Idaho. He has published in Accounting Horizons, Behavior Research in Accounting, Issues in Accounting Education, Accounting and the Public Interest, and other journals.

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Larry

Larry M. Walther

Larry Walther, Ph.D., CPA, CMA, is the EY Professor of Accounting and Senior Associate Dean of the Jon M. Huntsman School of Business at Utah State University. Dr. Walther has authored numerous books and articles on accounting, and he has served as director and/or consultant to a number of public and nonpublic companies. Dr. Walther earned his Ph.D. in accounting from Oklahoma State University and has public accounting experience with the audit firm of Ernst & Young. He is past President of the Federation of Schools of Accountancy and served on the Accounting Accreditation Committee of the Association to Advance Collegiate Schools of Business (AACSB). Dr. Walther is the 2013 recipient of the prestigious Joseph A. Silvoso Faculty Merit Award from the Federation of Schools of Accountancy.

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