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.
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- Problem 1
- Worksheet
- Solution
- Problem 2
- Worksheet
- Solution
- Problem 3
- Worksheet
- Solution
- Problem 4
- Worksheet
- Solution
- Problem 5
- Worksheet
- Solution
- Problem 6
- Worksheet
- Solution
- Problem 7
- Worksheet
- Solution
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