1. Companies have a significant amount of investment in long-lived assets, which include property, plant, and equipment (commonly referred to as plant assets); and intangible assets. We will also discuss different types of liabilities and understand how to account for and report those liabilities. Let's begin by talking about plant assets. Can you tell us what kind of plant assets are used in your company or place of business? Do you have an estimate of the amount invested in those plant assets?

2. What would be an example of capital expenditure?

3. What are some of the costs associated with the purchase of equipment?

4. If you were a controller of a company, which depreciation method would you apply and why?