Chapter $10$ Pre$-$Reading Questions

Please skim the chapter, and respond to the following questions prior to the first

day of Chapter $10$ unit.

Describe, in general, the costs that are included in the initial value recorded

for property, plant and equipment.

What are some common types of intangible assets, and how does recording

differ for purchased versus internally developed intangibles?

What is goodwill, and how is it measured?

Briefly describe how we figure out the costs of individual assets when they

are purchased for a lump sum price?

What is the general principle used to assign value in noncash acquisitions?

Generally describe what principle is applied to value assets when there is a

deferred payment arrangement. Hint $-$ we had an entire chapter on it earlier

in the semester.

List the $4$ steps for recording the exchange of two assets $($trade$).$

Which costs are generally included in $R$&$D$ assets?