ACCY 202 1st Edition Lecture 15Outline of Last LectureI. Collection 4 Review1. Boris Casei. Period Cost2. Mickey Casei. Product Cost3. Sara Casei. Product CostOutline of Current LectureI. Week 5 Review1. Property, Plant and Equipment2. The Cost of LandA. Include3. Revenue Expenditure4. Capital ExpenditureCurrent lectureI. Week 5 Review1. Property, Plant and Equipment- Tangible assets used in the operation of a business that have a useful life of more than one accounting period.2. The Cost of LandA. Include- Purchase price- Assessments by local governments- Costs of removing existing structures- Fees for insuring the title3. Revenue Expenditure- Are costs incurred during the life of the asset that do not materially increase the asset’s life or its productive capabilitiesThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.4. Capital Expenditure - Balance sheet
View Full Document
Unlocking...