Chapter Plant Assets, Natural Resources, Intangible Assets
tableAssetCost Allocation,Cost Allocation MethodstableProperty Plant, Equipment, Land Improvements costincludes all expenditures necessary to acquire the asset andget it ready for its intended useDepreciation,tableStraightLineDouble Declining BalanceUnits of ActivityNatural Resources,Depletion,Units of ActivityIntangible Assets,Amortization,Straight Line
Depreciation Terminology
Salvage Value:
Depreciable Cost:
Straight Line Rate SLR:
Accumulated Depreciation:
Book Value:
Disposing of an Asset
Update Depreciation and the related Accumulated Depreciation account, if necessary.
Calculate the Gain or Loss.
Record the disposal
