1)Chapter 10 - Property, Plant and Equipment

a)Identify property, plant, and equipment and its related costs. What is capitalized?

b)Discuss the accounting problems associated with self-constructed assets

c)Describe accounting problems associated with interest capitalization.

i)Calculation of WAAE

ii)Calculation of avoidable interest

iii)Journal entries for capitalizing interest

d)Explain the accounting issues related to acquiring and valuing plant assets.

i)Cash discounts

ii)Deferred payment contracts

iii)Lump-sum purchases

e)Describe accounting treatment for nonmonetary exchanges

f)Describe the accounting treatment for costs subsequent to acquisition.

g)Describe the accounting treatment for the disposal of property, plant, and equipment.