Property Plant And Equipment, Tangible, Intangible and Natu..
Property Plant And Equipment, Tangible, Intangible and Natural Resources Notes.pdf

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School
Northeastern University
Department
Accounting
Course
ACCT 1201
Professor
Ganesh Krishnamoorthy
Semester
Spring

Description
Accounting Chapter 8 Notes LongLived Assets Tangible Land Assets subject to depreciationBuildings and equipmentFurniture and fixtures Natural resource assets subject to depletion Mineral deposits and timberIntangible Definite lifeIndefinite lifePatents 20 yearsTrademarksCopyrights 70 yearsGoodwillFranchises 10 years but renewableAcquisition Costpurchase price and all expenditures needed to prepare the asset for its intended usedoes not include financing charges and cash discounts Building Acquisition Costpurchase price renovati
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