Capital Assets
Capital Assets (tangible and Intangible)
Tangible: 1. Property Plant & Equip 2.Natural Resources
Cost Principle: What is included in the cost? See 2.5.1 – 2.5.4
What is Amortization? Based on: Cost,Useful Life,Residual Value
1.Straight Line 2.Declining Balance 3. Unit of activity