WGU D104 Personal
When the book value is greater than the fair value. - ANS-Impairment
The excess of book value over fair value. - ANS-Impairment loss.
The cost + avoidable interest less salvage value. - ANS-Depreciable base.
Cost of permanent landscaping - ANS-Land - do not depreciate.
Cost of private driveways, walks, fences, and parking lots - ANS-Land improvements -
depreciate over useful life.
Pavements, street lights, sewers, and drainage systems. - ANS-Land - costs afterward
are taken up by the city.
Excavation costs - ANS-Building
Reasons to capitalize equipment repairs and upgrades - ANS-Improves productivity,
improves quality, or extends life
Reasons to expense equipment repairs and upgrades - ANS-Ongoing maintenance,
Tangible, life of more than one year - ANS-Plant assets
Only asset in PPE that doesn't depreciate - ANS-Land
Allocation of the cost of natural resources - ANS-Depletion
Depreciated only once ready for service - ANS-Construction
Reasons to not record depreciation - ANS-Asset is held for sale.
Should be measured at the lower of its carrying amount or fair value less costs to sell. -
ANS-Long term asset held for sale.
Purchase, sales tax, transit costs and transit insurance, installation, assembly, testing -
ANS-Capitalized as part of equipment
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AnswersCOM. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R144,82. You're not tied to anything after your purchase.
