Discussion Topic 3 Financial Reporting

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Respond to the following in a minimum of 250 words:

This week focuses on short-term and long-term assets and cost determination for preparing financial statements, and financial reporting for leases. 

Discuss 

A fixed asset typically goes through the life cycle of acquisition, usage, and disposal. For each of these stages of the life cycle, discuss one key accounting issue related to a fixed asset the company must address.

Depreciation methods

http://www.youtube.com/watch?v=vnWtAchWP1c

http://www.youtube.com/watch?v=DA_qxxFhrac

http://www.youtube.com/watch?v=paPKtxkUkNE

Depletion of natural resources

http://www.youtube.com/watch?v=RlsOGFrRcF0

Amortization of intangible assets

https://www.youtube.com/watch?v=jAIFQMwe_u8

Asset impairment

http://www.youtube.com/watch?v=KIWRCornNDs

  • Posted: 2 months ago
  • Due: 
  • Budget: $15
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