This Module covers accounting for property, plant, equipment, and intangible assets.
Calculating the cost of an asset.
Calculating depreciation using one of three methods: straight line, double declining balance, and units of production.
Calculating depreciation for tax purposes using the Modified Accelerated Cost Recovery System.
Explaining the difference between capital expenditures and revenue expenditures.
Journalizing entries for discarding, selling, or exchanging plant assets.
Explaining amortization and how it applies to intangible assets.