財務會計概念與應用英文版lectu(已修改)
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【正文】 COPYRIGHT 169。 2022 Thomson SouthWestern, a part of The Thomson Corporation. Thomson, the Star logo, and SouthWestern are trademarks used herein under license. 1 Chapter 9 Investments in Property, Plant, and Equipment and in Intangible Assets Albrecht, Stice, Stice, Swain 2 LongTerm Assets ? Property, plant, and equipment – Tangible assets acquired for the use in business operations. – Land, buildings, and equipment. ? Intangible Assets – Assets without physical substance that are used in business. – Licenses, patents, franchises, and goodwill. 3 Capital Budgeting ? Capital budgeting – Planning for investment in longterm assets. – Longterm assets have value because they help panies generate future cash flows. – Involves paring the cost of the asset to the value of the expected cash flows, after adjusting for the time value of money. ? Time value of money – The concept that a dollar today is worth more than a dollar received in the future. 4 Asset Acquisition ? Include purchase price. ? Include costs incurred to acquire the asset and getting it ready for its intended use. – Sales tax, shipping, installation, and other costs. Fork Lift. . . . . . . . . . . . . . . . . . . . . . . . 12,500 Cash. . . . . . . . . . . . . . . . . . . . . . . . 3,500 Notes Payable. . . . . . . . . . . . . . . . 9,000 Purchased a fork lift for $12,000 and paid $500 for shipping。 paid $3,500 cash and issued a note for $9,000 to the bank. 5 Leases ? Lease – A contract that specifies the terms under which the owner of an asset (the lessor) agrees to transfer the right to use the asset to another party (the lessee). – What terms should be included in a lease? ? Term ? Payment amount ? Due dates 6 Match Lease Terms ?The party that is granted the right to use the property under the terms of a lease. Lessee Lessor Operating Lease Capital Lease ?The owner of property that is leased (rented) to another party. ?A simple rental agreement. ?A leasing transaction that is recorded as a purchase by the lessee. 7 Classifying Leases ? A lease is classified as a capital lease if it is noncancelable and meets one of the following criteria: 1. Lease transfers ownership of the asset. 2. Lease contains a bargain purchase option. 3. Lease term is equal to 75% or more of the estimated life of the asset. 4. Present value of the lease payments is equal to 90% or more of the fair market value of the asset. 8 Operating Lease Dahl amp。 Sons, Attorneys at Law, leases a building with monthly rental payments of $1,000. Make the appropriate entry if rent is paid in cash the first month. Rent (or Lease) Expense . . . . . . . . . .1,000 Cash. . . . . . . . . . . . . . . . . . . . . . . . 1,000 To record monthly rent of storage building. 9 Capital
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