Discussion
Resources
Read/review the following resources for this activity:
• Textbook: Chapter 10, 11
• File (PDF): Presentation - Chapter 10, 11 (in the attachment)
• Minimum of 1 resource for initial post
Introduction
The measurement and reporting issues pertaining to property, plant, and equipment and intangible assets include valuation at the date of acquisition, disposition, the treatment of expenditures made over the life of these assets to maintain and improve them, the allocation of cost to reporting periods that benefit from their use, and impairment.
Initial Post Instructions
For your initial post, address the following:
• Briefly summarize the accounting treatment for intangible assets, explaining the difference between purchased and internally developed intangible assets.
• Identify and define the three characteristics of an asset that must be established to determine periodic depreciation, depletion, or amortization.
Secondary Post Instructions
Are you able to point out additional differences between purchased and internally developed intangible assets might be useful that your peers neglected to mention in their posts? Did they point out any characteristic of an asset that must be established to determine periodic depreciation, depletion, or amortization that you had not previously considered in your post? Did you gain any new learning from reading the postings of your peers?
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.