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.