University:
Widener University
Course:
COMPSCI 345 | Practice and Applications of Data Management
Academic year:

2023
Views:

148

Pages:

3
Author:

Janessa Trujillo

RECITATION SESSION 4: THE MATCHING PRINCIPLE & LONG LIVED ASSETS Agenda 1. 2. 3. 4. Overview of Accounting for Long Lived Assets Problems Questions Feedback Form OVERVIEW OF ACCOUNTING FOR LONG LIVED ASSETS THE MATCHING PRINCIPLE IN ACTION (1) What dollar amount to capitalize? (2) Over what time period should the asset be expensed, i.e. depreciated? (3) At what rate should the asset be expensed? PP&E EQUATIONS Hint: Copy these on your cheat sheet! See also the table method in E9-16 below. (1) PPEEB = PPEBB + Acquisitions – Disposals (2) AccDepEB = AccDepBB + Depreciation – AccDepDisposal (3) Proceeds from Sale = BV1 + gain/loss 1 BV = Book Value RECITATION FEEDBACK FORM Please rate the following statements as shown. Your feedback helps us to help you better. Please return the form to the TA (either hand in at the end of recitation, place in the TA’s mail folder, or hand in with homework assignment). TA’s Name: __________________________ 1. The material covered in the recitation is useful for problem sets, general understanding etc. Strongly Disagree 1 2. 2 3 Strongly Agree 4 1 7 8 2 Just Right 3 4 9 10 5 6 Want Less 7 8 9 10 Amount of time spent on problems in recitation Want More 1 4. 6 Amount of time spent on “lecturing” in the recitation Want More 3. 5 2 Just Right 3 4 5 6 Want Less 7 8 9 10 I think the pace of the recitation session is ….. Too Slow 1 2 Just Right 3 4 5 6 Too Fast 7 8 9 10 Comments I would like to see more … I would like to see less … I liked Recitation # ____ the best because… I like Recitation # ____ (excluding Recitation #1) the least because…