Describe & understand Determine the cost of Before you begin this Graded Attendance/ week’s Participation 3 the accounting for property, plant & equipment Activities, complete the following: – Pts. assets Understand the nature & Lecture: Describe and understand purpose of depreciation Homework: Chapter 18 how to identify and Compute depreciation using record different types of Chapter 18 – Acquisition cost of property, plant & the following methods: Mastery property and equipment equipment Problem – and calculate and record Depreciation methods Straight-line Page 728 – depreciation Repairs, maintenance, additions, Double declining balance Pts. TBD improvements & replacements Sum of the year’s digits Disposition of assets Units of production Intangible assets MACRS depreciation Class Review Problems: Accounting for repairs, maintenance, additions, Chapter 18 Demonstration Problem – improvements & replacements Textbook: Account for the disposition of Read Chapter 18 property The nature & purpose of depletion The nature of & accounting for intangibles Week Four Course Instructional Learning Graded Activities Outcome Objectives Activities . Describe partnerships Describe the various types of Before this Graded Activities, Attendance/ week’s Participation 3 Pts. and understand the partnerships, their complete the following: – related accounting for characteristics, the Lecture: Homework: partners, partnership partnership agreement and dissolutions & the advantages / Chapter 19 Chapter 19- liquidations disadvantages of Mastery Problem partnerships Types of partnerships Pages 771 -773 – How they are formed Pts. TBD – Preparation of journal entries Accounting for initial investments for the initial investments by Partners compensation & allocation of partners net income or loss Financial statements for partnerships Dissolution of a partnership
Describe & understand the accounting for assets Describe and understand how to identify and record different types of property and equipment and calculate and record depreciation Determine the cost of property, plant & equipment Understand the nature & purpose of depreciation Compute depreciation using the following methods: Straight-line Double declining balance Sum of the year’s digits Units of production MACRS depreciation Accounting for repairs, maintenance, additions, improvements & replacements Account for the disposition of property The nature & purpose of depletion The nature of & accounting for intangibles Before you begin this week’s Graded Activities, complete the following: Lecture: Chapter 18 Acquisition cost of property, plant & equipment Depreciation methods Repairs, maintenance, additions, improvements & replacements Disposition of assets Intangible assets Class Review Problems: Chapter 18 – Demonstration Problem Textbook: Read Chapter 18 Attendance/ Participation – 3 Pts. Homework: Chapter 18 – Mastery Problem – Page 728 – Pts. TBD Week Four Course Outcome Instructional Objectives Learning Activities Graded Activities . Describe partnerships and understand the related accounting for partners, partnership dissolutions & liquidations Describe the various types of partnerships, their characteristics, the partnership agreement and the advantages / disadvantages of partnerships Preparation of journal entries for the initial investments by partners Before this week’s Graded Activities, complete the following: Lecture: Chapter 19 Types of partnerships How they are formed Accounting for initial investments Partners compensation & allocation of net income or loss Financial statements for partnerships Dissolution of a partnership Attendance/ Participation – 3 Pts. Homework: Chapter 19- Mastery Problem – Pages 771 -773 – Pts. TBD