PPE Flashcards
1
Q
Fun fact
A
Cost to issue debt securities are reported as a direct deduction from the face value of the debt, not capitalized.
2
Q
Do accelerated depreciation methods result in lower income during the assets earlier years?
A
Yes because they result in higher depreciation expense.
3
Q
How are assets held for sale measured?
A
At the lower of the carrying amount or fair value minus cost to sell.
4
Q
Another name for present value
A
Cash equivalent price
