How are disposals of plant assets accounted for


Discussion 1

Prior to beginning work on this discussion, read Chapter 10 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).

Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.

• What are the three methods of depreciation?
• Develop a chart using an example of your choice and calculate the depreciation for 4 years.
• How do the three methods affect the income statement and the balance sheet?

Discussion 2

Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated.

Disposal of Plant Assets

Prior to beginning work on this discussion, read Chapter 10 in the textbook. In addition, the MyLab materials listed in the Recommended Resources section this week may provide more in-depth information for this discussion (optional).

Write: Make sure your response addressing the following questions is more than 200 words and that you include an in-text citation or a brief quote from the reading material where appropriate.

• How are disposals of plant assets accounted for?

• How are natural resources and intangible assets accounted for? Why is this important?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Accounting Basics: How are disposals of plant assets accounted for
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