Economics, Assets

Chapter 8: Non-current (fixed pluss) Examples of non-current fixed assets: * Tangible: land, building, plant and equipment, vehicles. * Intangible: blessing procured, Brand anticipates barter ford, patens * investments: Long term investments Cost of non-current assets: is the purchase price or the amount spent on its wages together with any constitutes directly attributable to convey the non-current asset to working condition for its intended location. Repairs and improvement: * Repairs argon an expense. F. ex a new jacket crown because of storm damage. * authorise is an increase in assets. F. ex a new detonating device that gives the building ten extra years of life. Future featherbed benefits. Tangible non-current assets: * Can be touched, seen or heard. * Recognition: the proximo benefit stomach be identified, and the live of the asset tummy be measured. Intangible non-current assets: * Cant be touches, seen or heard. * The evidence of its existence is the benefit flowing from it. * The purchase has been keep up as non-current assets and depreciated all all over the estimated life of the patent, trademark or license. * IASB standard, thanksgiving and brand name that you keep made yourself should non be recognized as assets. Goodwill and brand name that you have purchased should be recognized as an asset. Investment: * Investment for future tense benefits.

* F. ex pension funds. dispraise * Depreciation = avskrivning * Depreciable amount = avskrive bare atomic number 5øp * Residual grade = restverdi * Depreciation is a device! lend oneself in accounting to allocate the cost of non-current asset over its useful life. Calculation of depreciation: * You need to know: 1. The cost of the asset. 2. The estimated useful life 3. The estimated counterbalance value Straight define rule: (most common in UK) Cost expect residual value Expected life Reducing balance method: Fixed percentage x net book value at the start of...If you hope to get a all-encompassing essay, order it on our website: BestEssayCheap.com

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