ACC 100 Study Guide - Final Guide: Accrual, P73, Capital Asset
30 Nov 2012
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P3-1, p3-3 (1) only, p3-7 (1) only, p3-11 (1) only. Read: pages 203 - 210 only in chapter. Lo4: e6-15 (lower of cost of market only) Exercises and problems: none recommended - complete the. Questions: 1, 3, 5, 7 (but change from lifo to wa), 11. Note: in the afda, a debit balance is. "+" and a credit balance is a "-" Omit: units of production method on page 354. Questions: 1, 3, 5, 7, 44, 13, 15. Lo3: e8-3 (omit u of p method, only calculate. Read page 349 - 356 and page 358- Read page 518 - 524 and page 526 - Read page 571 - 577and page 593 - Chapter 8: capital assets are always recorded at historical cost. What is the definition of the acquisition cost: acquisition cost- the amount that includes all of the costs normally necessary to acquire an asset and prepare it for its intended use.
