Một tài sản phải được tiến hành trên Bảng cân đối số tiền thanh toán cho chi phí của một tài sản bằng tổng của tất cả các chi phí phát sinh để mang lại tài sản mục đích của nó | Plant Assets and Intangibles Chapter 10 Asset Account on Related Expense Account the Balance Sheet on the Income Statement Plant Assets Land none Buildings, Machinery and Equipment, Furniture and Fixtures, and Land Improvements . Depreciation Natural Resources Depletion Intangibles . Amortization Plant Assets Measure the cost of a plant asset. Objective 1 An asset must be carried on the balance sheet at the amount paid for it. The cost of an asset equals the sum of all of the costs incurred to bring the asset to its intended purpose, net of discounts Cost Principle Land and Land Improvements Purchase price of land $500,000 Add related costs: Back property taxes $40,000 Transfer taxes 8,000 Removal of buildings 5,000 Survey fees 1,000 54,000 Total cost of land $554,000 Paving Fences Sprinkler systems Lights in parking lot Land Improvements All improvements located on the land but subject to decay: Buildings – Construction Architectural fees Building permits Contractor’s charges Materials Labor Overhead Buildings – Purchasing Purchase price Brokerage commissions Sales and other taxes Repairing or renovating building for its intended purpose Machinery and Equipment Purchase price less discounts Transportation charges Insurance in transit Sales and other taxes Purchase commissions Installation cost Expenditures to test asset before it is placed in service Lump-Sum Purchases Example Andrea Ortiz paid $110,000 for a combined purchase of land and a building. The land is appraised at $90,000 and the building at $60,000. How much of the purchase price is allocated to land and how much to the building? Lump-Sum Purchases Example Building: $60,000 ÷ $150,000 = 40% $110,000 × 40% = $44,000 Land: $90,000 ÷ $150,000 = 60% $110,000 × 60% = $66,000 Does the expenditure increase capacity or efficiency or extend useful life? YES NO Capital Expenditure Debit Plant Assets accounts Revenue Expenditure Debit Repairs and Maintenance account Distinction . | Plant Assets and Intangibles Chapter 10 Asset Account on Related Expense Account the Balance Sheet on the Income Statement Plant Assets Land none Buildings, Machinery and Equipment, Furniture and Fixtures, and Land Improvements . Depreciation Natural Resources Depletion Intangibles . Amortization Plant Assets Measure the cost of a plant asset. Objective 1 An asset must be carried on the balance sheet at the amount paid for it. The cost of an asset equals the sum of all of the costs incurred to bring the asset to its intended purpose, net of discounts Cost Principle Land and Land Improvements Purchase price of land $500,000 Add related costs: Back property taxes $40,000 Transfer taxes 8,000 Removal of buildings 5,000 Survey fees 1,000 54,000 Total cost of land $554,000 Paving Fences Sprinkler systems Lights in parking lot Land Improvements All improvements located on the land but subject to decay: Buildings – Construction Architectural fees Building .
