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Course Description

A purchase can only be capitalized as a long-lived asset if it meets certain conditions. In this lesson, you'll explore the steps for determining what can be deemed an asset and for reporting the asset on the balance sheet on Day Zero, or the day on which an asset is purchased and capitalized. You will then examine the steps for calculating depreciation and amortization, as well as specific techniques such as straight-line and accelerated allocation methods. In addition, you will review the rationale for making depreciation entries in certain accounts and using the Queen’s Cross to account for long-lived assets.

Benefits to the Learner

  • Evaluate the process of what can be capitalized as an asset
  • Examine allocation methods using straight-line and accelerated calculations like double-declining balance
  • Assess the process of making entries for the life cycle of an asset using the Queen’s Cross
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Type
self-paced (non-instructor led)
Dates
Sep 22, 2020 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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