财务会计概念与应用英文版lec牧ture9.pptVIP

Chapter 9 Investments in Property, Plant, and Equipment and in Intangible Assets Long-Term Assets Property, plant, and equipment Tangible assets acquired for the use in business operations. Land, buildings, and equipment. Intangible Assets Assets without physical substance that are used in business. Licenses, patents, franchises, and goodwill. Capital Budgeting Capital budgeting Planning for investment in long-term assets. Long-term assets have value because they help companies generate future cash flows. Involves comparing the cost of the asset to the value of the expected cash flows, after