会计学原理英文课件8(精品·公开课件).ppt

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Asset Impairment When Market Value of assets falls below their Book Value… A loss should be recognized when anasset suffers a permanent impairment. Debit: Loss due to impairment of assets Credit: Long lived assets This computer is about to become fully depreciated! End ofChapter 8 Summary Acquisition cost, Revenue expenditure versus Capital expenditure Depreciation (why?) Straight-line depreciation, Unit-of-production depreciation, Accelerated depreciation Land is not depreciable, because its useful life is unlimited! Disposal of long-term assets (record gain or loss) Depletion of natural resources Amortization of intangible assets Goodwill calculation HW 8 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Double-Declining-Balance Method (双重余额递减法) AnnualDepreciationexpense NetBookValue ( ) Useful Life in Years 2 = × Cost – Accumulated Depreciation Declining balance rate of 2 isdouble-declining-balance (DDB) rate. Annual computation ignores residual value. At the beginning of the year, Delta purchased equipment for $62,500 cash. The equipment has an estimated useful life of 3 years and an estimated residual value of $2,500. Calculate the depreciation expense for the first two years. Double-Declining-Balance Method AnnualDepreciationexpense NetBookValue ( ) Useful Life in Years 2 = × ( ) $62,500 × 3 years 2 = $41,667 ( ) ($62,500 – $41,667) × 3 years 2 = $13,889 Double-Declining-Balance Method Year 1 Depreciation: Year 2 Depreciation: ( ) ($62,500 – $55,556) × 3 years 2 = $4,629 Below residual value Double-Declining-Balance Method Depreciation expense is limited to the amount thatreduces book value to the estimated residual value. Double-Declining-Balance Method Learning Objectives Evaluate long-term asset management usingthe fixed asset turnover ratio(固定资产周转率). Fixed Asset Turnover This ratio measures a company’s ability to genera