BIOL 2160 Chapter : 4 Cell Membrane Transport Figures
Document Summary
Chapter 11 depreciation and impairments: depreciation, impairments, presentation and analysis, ifrs insights, depreciation - method of cost and cost allocation, introduction. Depreciation is the accounting process of allocating the cost of tangible assets to expense in a systematic and rational manner to those periods expected to benefit from the use of the asset. It is not the decline in market value. Allocating costs of long-term assets: fixed assets = depreciation expense, intangibles = amortization expense, natural resources = depletion expense, factors involved in the depreciation process. The daily revue purchased a printing press on march 8, 2009, for ,000. The press was estimated to have a ,000 salvage value and a 10-year life. The company uses the half year convention for depreciation. At january 1, 2013, the company evaluated the printing press and concluded they would replace it in five years at which time it would have a salvage value of ,000.