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
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.