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How is the book value of plant assets calculated

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Reference no: EM133555164

Questions:

  1. Briefly describe the corporation you have selected - the industry it is operating within and services it is providing.
  2. Where would your selected corporation report plant assets on its financial statements? How are plant assets reported, and what is their value for the company as of the end of the year from your report?
  3. What is depreciation and how is it computed? Does your selected corporation depreciate its plant assets? How do you know? What is the depreciation method used and the useful lives of the plant assets?
  4. How is the book value of plant assets calculated? What is the cost and the net book value of your selected corporation's plant assets as of end of the year?
  5. What type of intangibles would be included on your selected corporation's financial statements and where would they be located?
  6. What is goodwill? Does your selected corporation report goodwill? Explain your answer.

Reference no: EM133555164

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