AFM101 Chapter Notes - Chapter 9: European Cooperation In Science And Technology

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM101
• Professor: Donna Ptsuka

Document Summary

Reporting and interpreting property, plant and equipment; natural resources; and. Long-lived/ lon-germ/capital assets: are tangible or intangible resources owned by a business and used in its operations to produce benefits over several years: tangible assets: have physical substance, land, buildings, fixtures, equipment, natural resources. Intangible assets: have property ownership rights but not physical substance: acquisition cost: is the net cash equivalent amount paid or to be paid for the asset. Capitalized interest: represents interest on borrowed funds directly attributable to construction. Equity/non-cash consideration until the asset is ready for its intended use. Basket purchase: is an acquisition of two or more assets in a single transaction for a single lump sum. 2. 74 billion: assets liabilities sha(cid:396)eholde(cid:396)s" e(cid:395)uit(cid:455, cash - note payable , cash - 450mil. Straight line depreciation: is the method that allocates the cost of an asset in equal periodic amounts over its useful life.