Chapter Nine What in inclucled in the cost of a plant asset? Be familiar with the terins residual value, useful lite and Understand tho concept of depreciation. Be able to colculate depreciation expense for each or the following methods: straight-11ne, units-ot-production, and double-declining balance. How do you calculate the book value of an asset? Know rules and journal entries for all types of asset disposats. What is the difference between accounting for a revenue expenditure and a capital expenditure