reporting and analyzing long lived assets

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1、CHAPTER9©Linda&ColinMcKie/iStockphoto●✓TheNavigatorREPORTINGAND•ScanLearningObjectives•ReadFeatureStoryANALYZING•ScanPreview•ReadTextandAnswerDoit!p.453 p.457  p.460 LONG-LIVEDp.463 p.472•WorkUsingtheDecisionToolkitASSETS•ReviewSummaryofLearningObjectives•WorkComprehensivep.480Doit!LEA

2、RNINGOBJECTIVES•AnswerSelf-TestQuestionsAfterstudyingthischapter,youshouldbeableto:•CompleteAssignments1Describehowthehistoricalcostprincipleappliestoplantassets.•GotoWileyPLUSforpracticeand2Explaintheconceptofdepreciation.tutorials3Computeperiodicdepreciationusingthestraight-linemetho

3、d,andcontrastitsexpensepatternwiththoseofothermethods.ReadALookatIFRSp.5004Describetheprocedureforrevisingperiodicdepreciation.5Explainhowtoaccountforthedisposalofplantassets.6Describemethodsforevaluatingtheuseofplantassets.7Identifythebasicissuesrelatedtoreportingintangibleassets.●✔Th

4、e8Indicatehowlong-livedassetsarereportedinthefinancialNavigatorstatements.446FeatureStorySo,you’reinterestedinstartinganewbusiness.airlineintheUnitedStatesbytheairlineratingHaveyouthoughtabouttheairlineindustry?IscompanySkyTrax.Managementinitiallyattemptedyouronlyexperiencewithairlinesa

5、sapassenger?todifferentiateJetBluebyofferingamenitiesnotDon’tletthatstopyou.Today,themostprofitablefoundonotherairlines,suchasTVsineveryseat-airlinesintheindustryarenotwell-knownmajorsback,whileadoptingSouthwest’slow-faremodel.likeAmericanAirlinesandUnited.Infact,mostThisapproachwassuc

6、cessfulduringJetBlue’sgiant,olderairlinesareeitherbankruptorontheearlyyears,asitenjoyedbothprofitabilityandvergeofbankruptcy.Inarecentyear,fivemajorrapidgrowth.However,morerecentlythecom-airlinesrepresenting24%oftotalU.S.capacitypanyhashadtotakeaggressivestepstoreininwereoperatingunder

7、bankruptcyprotection.costsinordertoreturntoprofitability.Notallairlinesarehurting.ThegrowthandInthepast,upstartssuchasValujetchoseaprofitabilityintheairlineindustrytodayisfoundatdifferentapproach.TheyboughtplanesthatwererelativenewcomerslikeSouth-20to30yearsold(knowninthewestAirlines