ebook Long-Term Assets Larry M. Walther; Christopher J. Skousen

Larry M. Walther; Christopher J. Skousen
Long-Term Assets
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Long-Term Assets
© 2009 Larry M. Walther, under nonexclusive license to Christopher J. Skousen &
Ventus Publishing ApS. All material in this publication is copyrighted, and the exclusive
property of Larry M. Walther or his licensors (all rights reserved).
ISBN 978-87-7681-488-5
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Long-Term Assets

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Part 1. Long-Term Investments
1. Intent-Based Accounting
1.1 The Fair Value Measurement Option
2. Available for Sale Securities
2.1 Other Comprehensive Income
2.2 An Illustration
2.3 Alternative: A Valuation Adjustments Account
2.4 Dividends and Interest
2.5 The Balance Sheet Appearance
3. Held to Maturity Securities
3.1 The Issue Price
3.2 Recording the Initial Investments
3.3 Illustration of Bonds Purchased at Par
3.4 Illustration of Bonds Purchased at a Premium
3.5 Illustration of Bonds Purchased at a Discount
4. The Equity Method of Accounting
5. Investments Requiring Consolidation
5.1 Economic Entity Concept and Control
5.2 Accounting Issues
5.3 Goodwill
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Long-Term Assets

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5.4 The Consolidated Balance Sheet
5.5 The Consolidated Income Statement
Part 2. Property, Plant and Equipment
6. What Costs are Included in Property, Plant and Equipment
6.1 Cost to Assign to Items of Property, Plant and Equipment
6.2 Interest Cost
6.3 Training Costs
6.4 A Distinction Between Land and Land Improvements
6.5 Lump-Sum Acquisitions
6.6 Professional Judgment
6.7 Materiality Considerations
7. Equipment Leases
8. Service Life and Cost Allocation

9. Depreciation Methodology
9.1 Many Methods
9.2 Some Important Terminology
10. The Straight-Line Method
10.1 Fractional Period Depreciation
10.2 Spreadsheet Software
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