DEPRECIATIONIMPAIRMENTSANDDEPLETION幻灯片.pptVIP

C H A P T E R 11;Explain the concept of depreciation. Identify the factors involved in the depreciation process. Compare activity, straight-line, and diminishing-charge methods of depreciation. Explain component depreciation. Explain the accounting issues related to asset impairment. Explain the accounting procedures for depletion of mineral resources. Explain the accounting for revaluations. Explain how to report and analyze property, plant, equipment, and mineral resources.;Depreciation;Allocating costs of long-term assets: Long-lived assets = Depreciation expense Intangibles = Amortization expense Mineral resources = Depletion expense ;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Computation of depreciation expense for EuroAsia for 2011.;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation - Method of Cost Allocation;Depreciation and Replacement of PPE;Accounted for in the current and prospective periods. Not handled retrospectively Not considered errors or extraordinary items;Arcadia HS, purchased equipment for $510,000 which was estimated to have a useful life of 10 years with a residual value of $10,000 at the end of that time. Depreciation has been recorded for 7 years on a straight-line basis. In 2010 (year 8), it is determined that the total estimated life should be 15 years with a residual value of $5,000 at the end of that time. Questions: What is the journal entry to correct the prior years’ depreciation? Calculate the depreciation expe