ADMN 2021H Study Guide - Comprehensive Final Exam Guide - Book Value, Amortization, Financial Statement

• School: Trent University
• Department: Business Administration
• Course: ADMN 2021H
• Professor: Jaime Morales

Document Summary

Need 60% in the class, 65% if you are trying to specialize. 6 labs, worth 2% each, 3 attempts per lab and the answers will remain for the 2nd and 3rd attempts after the lecture, the lab is available. Wed 12 pm to 2 pm or by appointment. Chapter 9 reporting and analyzing long-lived assets part 1. Tangible assets with relatively long useful lives. If you receive benefits, you continue using the asset, if not, it is considered an expense. Determining the cost of property, plant and equipment. To calculate the cost of the assets, use the following checklist: Net purchase, in flows and out flows. Many decisions are based off of judgement, can be considered either or based on what the individual thinks. What are operating expenditures: expenses such as gasoline, insurance, cost of the plate, tires, provide benefits for only a short amount of time.