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Plant Assets, Natural Resources, and Intangibles: Comprehensive Study Notes

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Initial Cost of Long Lived Assets

Basket (Lump-sum) Purchases

Ordinary Repairs vs. Capital Improvements

Depreciation: Straight Line

Depreciation: Units-of-Activity

Depreciation: Declining Balance

Depreciation: Summary of Main Methods

Depreciation for Partial Years

Change in Estimate: Depreciation

Retirement of Plant Assets (No Proceeds)

Sale of Plant Assets

Intangible Assets and Amortization

Natural Resources and Depletion

Asset Impairments

Ratios: Return on Assets (ROA)

Ratios: Profit Margin x Asset Turnover = Return On Assets

Introduction to the Statement of Cash Flows