Unit 8: Accounting for Property, Plant, and Equipment
Property, plant, and equipment require the largest amount of investment for a company. This unit introduces the life cycle of tangible long-term assets: acquisition, depreciation, and disposal. This unit also includes other long-term assets like natural resources and intangible assets. Businesses like mines and lumber companies account for resources that are extracted from the environment. The most common intangible asset is goodwill, which is recorded when acquiring a company.
Completing this unit should take you approximately 4 hours.
8.1: Property, Plant, and Equipment
8.2: Plant Asset Disposal, Natural Resources, and Intangible Assets
Unit 8 Assessment