PPT-Asset Depreciation Lecture No.

30 Chapter 9 Contemporary Engineering Economics Copyright 2016 Chapter Opening Story Delta Airlines has invested 100 million in improving luggage handling technology and equipment How does the cost of this . Long-Lived Assets. Presenter’s name. Presenter’s title. dd. Month . yyyy. costs that are . capitalized . and costs that are expensed . when incurred. Long-lived . assets . (noncurrent . assets or long-term . AAE 320. Paul D. Mitchell. Goal. Overview accounting balance sheet as it pertains to agricultural operations. How to read a balance sheet. Methods used to prepare . a balance . sheet. Depreciation methods. How to use CAMS. To provide control of and accountability of fixed assets.. To orderly monitor the physical condition of fixed assets.. To gather information needed for the preparation of management and financial reports.. http://www.investopedia.com/terms/d/depreciation.asp. Depreciation. Buildings, machinery, equipment, furniture, fixtures, computers, outdoor lighting, parking lots, . cars, and . trucks are examples of . CONTENTS. WHAT IS DEPRICIATION. WHY WE PROVIDE DEPRICIATION. CAUSES OF DEPRICIATION. FACTORS INFLUENCING THE DEPRICIATION. METHODS FOR CALCULATING DEPRICIATION AMOUNT. . WHAT IS DEPRICIATION. Gary Quinn, CPPM. Mike Smart, CPPS. University . of Texas Southwestern Medical Center. Dallas, . Texas. Useful Life. Useful Life. Are you expecting an Inspirational or Motivational. Discourse that will make you feel better about your life?. Depreciation. – the reduction in value of an asset. Used to reflect remaining value of an asset over its useful life.. Book Depreciation. – used by corporations for internal financial accounting. Mike Smart, CPPS. University . of Texas Southwestern Medical Center. Dallas, . Texas. Useful Life. Useful Life. Are you expecting an Inspirational or Motivational. Discourse that will make you feel better about your life?. LO. 1. Record the buying of a plant asset.. LO. 2. . Analyze the cost of individual assets bought as a bundle.. LO. 3. . Calculate and record the payment of property tax.. Plant Assets. Accounting data can be used to predict the efficiency of an investment.. except. the following :-. Forests, plantations and similar regenerative natural resources; . Wasting assets including expenditure on the exploration for and extraction of minerals, oils, natural gas and similar non-regenerative resources; . UNIT 10 AND 15. CAPITAL EXPENDITURE AND REVENUE EXPENDITURE. Capital expenditure is incurred when business spends money either to:. buy non-current assets, or. . add . to the value of an existing non-current asset. How to use CAMS. To provide control of and accountability of fixed assets.. To orderly monitor the physical condition of fixed assets.. To gather information needed for the preparation of management and financial reports.. Asset tracking is important for everyone. If you can monitor your assets then you
can do better financial planning. Because it helps in budgeting. Now no need for
costly asset tracking software or asset management software to track assets. By
using this app you can monitor all your assets. BY ASST. PROF DR. J . SAHA. DEPARTMENT . OF COMMERCE. Depreciation. . Accounting. Definition. A measure of . the . wearing . out, consumption or other . loss of . value of depreciable . assets .