中级财务会计(双语)第五章.ppt

Chapter 5 Property, Plant, and Equipment and Intangible Assets Types of Assets Types of Assets The differences of two types of assets: Tangible assets: have physical substance (can be seen and touched) Intangible assets: have no physical substance Tangible assets: the extent and timing of their future benefits are certain. 未来经济利益流入的金额和时间具有确定性 Intangible assets: the extent and timing of their future benefits are uncertain. Types of Assets Balance sheet of 2009: (Wal-Mart) Cost of tangible assets Four parts will be discussed: Cost of equipment (P178) Cost of land (P178) Cost of building (P180) Cost of natural resources (P180) Cost of tangible assets Cost of equipment includes: Purchase price (less any purchase discount) Sales tax or insurance Transportation cost 运输成本 Expenditures for installation, testing, or trial runs 安装成本、测试成本、试运行成本 Legal fees to establish title 取得所有权证明的法律费 Cost of tangible assets Illustration 5-1 P179 Purchase price: $62,000 Transportation cost: $1,000 Shipping insurance: $300 Installation cost: $1,200 Cost of trial runs: $600 Cost of tangible assets Exercise: Mad Hatter Enterprises purchased new equipment for $365,000, terms f.o.b. shipping point. Other costs connected with the purchase were as follows: State sales tax 29,200 Freight costs 5,600 Insurance while in transit 800 Insurance after equipment placed in service 1,200 Installation costs 2,000 Insurance for the first year of operations 2,400 Testing 700 Required:Determine the capitalized cost of the equipment.? Cost of tangible assets Cost of land includes: Purchase price including tax and insurance Closing costs such as fees for the lawyer, agent commissions 交易手续费如律师费、代理商佣金等 Expenditures of clearing, fillin