The accounting for intangible assets and natural resources is very similar to the processes and practices for property, plant, and equipment. The few exceptions arise from the often legal and contractual nature of intangibles and natural resources. Intangible and natural resource assets are also subject to impairment as are tangible assets, and must be written down from time to time if impairment occurs.Complete the problems from Problem Set A in Chapter 18, pages 626 and 627: * 18.7A, Compute and record depletion of natural resources. * 18.8A, Recording impairment of property, plant, and equipment. * 18.9A, Recording intangible asset acquisition, amortization, and impairment. This is from college accounting price haddock farina chapter1-24 Mcgraw-hill-irwin,This week you learned about accounting for long lived assets. The following problems demonstrate how to determine the cost basis of long-lived assets and the allocation of their costs over estimated useful lives. Complete the problems from Problem Set A in Chapter 18, pages 623 and 624: * 18.1A, Determining the cost to be capitalized for acquisition of assets. * 18.2A, Using different depreciation methods and comparing the results. * 18.3A, Using the straight-line and units-of-output methods of depreciation. * 18.4A, Computing depreciation and MACRS on assets. Note: Click on the link Individual Work - Week 5b and use the template to complete this week's individual work.,Complete the problems from Problem Set A in Chapter 19, pages 668 through 671: * 19.1A, Recording cash investment in a partnership. * 19.2A, Recording investment of assets and liabilities in a partnership. * 19.3A, Preparing a balance sheet for partnership. * 19.4A, Computing and recording allocation of net income with salaries and interest allowed. Note: Click on the link Individual Work - Week 7 and use the template to complete this week's individual work.
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