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BUS 254 (44)
Lecture

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Department
Business Administration
Course
BUS 254
Professor
Masood Kamlani
Semester
Fall

Description
CHAPTER 8 CAPiTAl AssETsTAngiBlE And inTAngiBlEQuick OverviewCapital assets havqe a life longer thqan one year and inqclude property plant and equipmenqtThe income effects related to the purchase of these asseqts must be recognized over the qlifetime of these aqssetsvAluATiOn Of CAPiTAl AssETsHistorical cost 1 a Net book value oqr amortized costMarket Valuetwo methods 2 a Replacement cost b Net realizable valueCAPiTAlizABlE COsTs Includes all costs nqecessary to acquire the asset and geqt it ready for useCriteria used to deqtermine which costs qto include are based upon materiqality criteria incqome tax rules and other factorsSeparating costs amqong individual asseqts in a Basket Purchase based upon faqir market valuesAmortization or depreciation Method of allocatingq the cost to capitaql assets to the peqriods in which the qbenefits from the assets are receivedNeed
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