【導(dǎo)讀】TheMcGraw-HillCompanies,Inc.,1999. ofservices.TheMcGraw-HillCompanies,Inc.,1999. Land,buildings,equipment,furniture,fixtures.physicalsubstance.Patents,copyrights,trademarks,franchises,goodwill.substance.Oilreserves,minerals.resources.TheMcGraw-HillCompanies,Inc.,1999. Acquisition.Allocationofthe. (depreciation).Saleordisposal.TheMcGraw-HillCompanies,Inc.,1999. necessarycosts...desiredlocation.foruse.TheMcGraw-HillCompanies,Inc.,1999. $4,000intestingcosts.machine.TheMcGraw-HillCompanies,Inc.,1999. TheMcGraw-HillCompanies,Inc.,1999. TheMcGraw-HillCompanies,Inc.,1999. suchasdriveways,TheMcGraw-HillCompanies,Inc.,1999. building抯cost.TheMcGraw-HillCompanies,Inc.,1999. Relatedinterest,period.TheMcGraw-HillCompanies,Inc.,1999

　　

【正文】 ts Exclusive right granted by federal government to sell or manufacture an invention. Cost is purchase price plus legal cost to defend. Amortize cost over the shorter of useful life or 17 years. ?The McGrawHill Companies, Inc., 1999 Slide 964 Irwin/McGrawHill A symbol, design, or logo associated with a business. Purchased trademarks are recorded at cost, and amortized over shorter of legal or economic life, or 40 years. Internally developed trademarks have no recorded asset cost. Intangible Assets Trademarks and Trade Names ?The McGrawHill Companies, Inc., 1999 Slide 965 Irwin/McGrawHill Legally protected right to sell products or provide services purchased by franchisee from franchisor. Purchase price is intangible asset which is amortized over the shorter of the protected right or 40 years. Intangible Assets Franchises ?The McGrawHill Companies, Inc., 1999 Slide 966 Irwin/McGrawHill Intangible Assets Copyrights Exclusive right granted by the federal government to protect artistic or intellectual properties. Amortize cost over a period not to exceed 40 years. Legal life is life of creator plus 50 years. ?The McGrawHill Companies, Inc., 1999 Slide 967 Irwin/McGrawHill Let’s Change the Subject Again! ?The McGrawHill Companies, Inc., 1999 Slide 968 Irwin/McGrawHill Total cost, including exploration and development, is charged to depletion expense over periods benefited. Natural Resources Examples: oil, coal, gold Extracted from the natural environment and reported at cost less accumulated depletion. ?The McGrawHill Companies, Inc., 1999 Slide 969 Irwin/McGrawHill Depletion of Natural Resources Depletion is calculated using the unitsofproduction method. Unit depletion rate is calculated as follows: Total Units of Capacity Cost Salvage Value ?The McGrawHill Companies, Inc., 1999 Slide 970 Irwin/McGrawHill Total depletion cost for a period is: Unit Depletion Rate Number of Units Extracted in Period Depletion of Natural Resources Total depletion cost Inventory for sale Unsold Inventory Cost of goods sold ?The McGrawHill Companies, Inc., 1999 Slide 971 Irwin/McGrawHill ABC Mining acquired a tract of land containing ore deposits. Total costs of acquisition and development were $1,000,000 and ABC estimated the land contained 40,000 tons of ore. Depletion of Natural Resources Example ?The McGrawHill Companies, Inc., 1999 Slide 972 Irwin/McGrawHill Depletion of Natural Resources Example What is ABC’s depletion rate? a. $40 per ton. b. $50 per ton. c. $25 per ton. d. $20 per ton. ?The McGrawHill Companies, Inc., 1999 Slide 973 Irwin/McGrawHill What is ABC’s depletion rate? a. $40 per ton. b. $50 per ton. c. $25 per ton. d. $20 per ton. Cost ?Units $1,000,000 247。 40,000 Tons = $25 Per Ton Depletion of Natural Resources Example ?The McGrawHill Companies, Inc., 1999 Slide 974 Irwin/McGrawHill For the year ABC mined and sold 13,000 tons. What is the total depletion cost for the year? a. $300,000. b. $325,000. c. $225,000. d. $275,000. Depletion of Natural Resources Example ?The McGrawHill Companies, Inc., 1999 Slide 975 Irwin/McGrawHill For the year ABC mined and sold 13,000 tons. What is the total depletion cost for the year? a. $300,000. b. $325,000. c. $225,000. d. $275,000. Depletion cost = 13,000 x $25 = $325,000 Depletion of Natural Resources Example ?The McGrawHill Companies, Inc., 1999 Slide 976 Irwin/McGrawHill Specialized plant assets may be required to extract the natural resource. These assets are recorded in a separate account and depreciated. Depletion of Natural Resources ?The McGrawHill Companies, Inc., 1999 Slide 977 Irwin/McGrawHill End of Chapter 9 ?The McGrawHill Companies, Inc., 1999 Slide 978 Irwin/McGrawHill Chapter 8 Inventories and the Cost of Goods Sold ?The McGrawHill Companies, Inc., 1999 Slide 979 Irwin/McGrawHill Inventory Defined Goods owned and held for sale to customers Current asset Inventory ?The McGrawHill Companies, Inc., 1999 Slide 980 Irwin/McGrawHill The Flow of Inventory Costs B A L A N C E S H E E T C u r r e n t a s s e t s : I n v e n t o r yI N C O M E S TA TE M E N T R e v e nu e C os t of go od s s ol d G r os s pr of i t E x pe ns e s N e t i nc om ePurchase cost (or manufacturing costs) as incurred as goods are sold ?The McGrawHill Companies, Inc., 1999 Slide 981 Irwin/McGrawHill The Flow of Inventory Costs G E N E R A L J O U R N A LD a t e A c c oun t Ti t l e s a nd E x pl a na t i on D e bi t C r e di tE nt r y on P ur c ha s e D a t eI nv e nt or y $$$$A c c oun t s P a y a bl e $$$$E nt r y on S a l e D a t eC os t of G ood s S ol d $$$$I nv e nt or y $$$$In a perpetual inventory system, inventory entries parallel the flow of costs. ?The McGrawHill Companies, Inc., 1999 Slide 982 Irwin/McGrawHill Which Unit Did We Sell? Does It Really Matter? G E N E R A L J O U R N A LD a t e A c c oun t Ti t l e s a nd E x pl a na t i on D e bi t C r e di tE nt r y on S a l e D a t eC os t of G ood s S ol d $$$$I nv e nt or y $$$$When identical units of inventory have different unit costs, a question naturally arises as to which of these costs should be used in recording a sale of inventory. ?The McGrawHill Companies, Inc., 1999 Slide 983 Irwin/McGrawHill Inventory Subsidiary Ledger A separate subsidiary account is ma