Chapter 10: Property Acquisition and Cost Recovery

Descripción

This is my mind map for BUS 419 Chapter 10.
Lucille Lamberson
Mapa Mental por Lucille Lamberson, actualizado hace más de 1 año
Lucille Lamberson
Creado por Lucille Lamberson hace alrededor de 2 años
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Resumen del Recurso

Chapter 10: Property Acquisition and Cost Recovery
  1. Depreciation
    1. Method of deducting the cost of tangible personal and real property (other than land) over time
      1. Personal property: automobiles, equipment, machinery
        1. Real property: buildings and land
    2. Amortization
      1. Method of deducting the cost of intangible assets over time
        1. Intangible assets: goodwill and patents
      2. Depletion
        1. Method of deducting the cost of natural resources over time
          1. Natural resources: oil, coal, timber, gold
        2. Adjusted basis
          1. Subtract the accumulated depreciation (or amortization or depletion) from the asset's initial or historical basis
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