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