Property, Plant, and Equipment
Learning objectives
After studying this chapter, you should be able to:
- List the characteristics of plant assets and identify the costs of acquiring plant assets.
- List the four major factors affecting depreciation expense.
- Describe the various methods of calculating depreciation expense.
- Distinguish between capital and revenue expenditures for plant assets.
- Describe the subsidiary records used to control plant assets.
- Analyze and use the financial results - rate of return on operating assets.
Source: Textbook Equity, https://learn.saylor.org/pluginfile.php/41439/mod_resource/content/16/AccountingPrinciples2.pdf This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.