Professor Guerrero's Blog

mguerrero@gmail.com

Co-author of East of Tiffany's, 13 short stories of a Latino immigrant's success in USA; a journey from West Harlem to Sutton Place and Park Avenue. Check out the reviews in Amazon.com and in Barnes and Noble.

on KINDLE on NOOK

My best seller as of now is

Titanes de la Filosofia

Professor Guerrero's Blog: Plant Assets, Long-Lived Assets, Fixed Assets, Plant-Propety-and-Equipment (PP&E) Professor Guerrero's Blog: Book Reviews, Human Interest Articles, Accounting Lessons, and Writing Techniques

Book Reviews  

Books

Sentence Openers Book: FREE Lessons

Jane Austen  

Boethius: Consolation of Philosophy

How to Become a Writer  

Personal Finance  

Self Help, Wealth, & Learning

Greeks Romans Trojans  

Feminism  

Great Gatsby: Is Nick Gay?

All my books are now in NOOK

Ideas About the Novel is a prophetic book that all writers must own.

Ideas About the Novel by Ortega y Gasset - my translation $0.99


Next to Cervantes, Benito Perez Galdos is the most beloved Spanish writer of all times.

Torquemada at the Stake by Perez Galdos- my translation $0.99

Lazarillo of Tormes - my translation $0.99
Read it in contemporary English -- No Thous, Thees, or King James' Bible language. Transliterated into easy language for enjoyable reading pleasure. Because The Lazarillo of Tormes pointed a new direction, European and American literature benefited with titles that today are considered classics: Cervantes’ Rinconete and Cortadillo; Daniel Defoe’s Moll Flanders, Henry Fielding’s Tom Jones and Joseph Andrews; Tobias Smollett’s Roderick Random, and Peregrine Pickle; Voltaire’s Candide; Charles Dickens’ David Copperfield. And many others to include American works ranging from Mark Twain to Saul Bellow.

Dehumanization of Art by Ortega y Gasset - my translation $0.99
The Dehumanization of Art— is now a constant in music, literature, aesthetics, and philosophy, having come to mean that in post-modern times human-shaped mimesis (representation of the human) is irrelevant to art. According to Ortega, the arts don't have to tell a human story; art should deal with its own forms—and not with the human form.

Sentence Openers
How writers open their sentences makes prose agile, interesting, and athletic. This e-book teaches how to break the pattern Subject-verb-object--and discard openings that begin with nouns, articles, and pronouns.

East of Tiffany's - bestseller $5
With the city as its backdrop "East of Tiffany's" is filled with earnest tales of love, loss, faith, success and morality. While business terminology is interwoven throughout these short stories, it's not business lessons that I take away with me, but life lessons. The circumstances and the characters' profound humanity are relatable despite their zip code . "Luke, Postmodern Man" offers a new vista into faith, suffering, and love of neighbor. Way after you read this book you'll find yourself thinking about the various characters throughout the series of stories and will find solace in their unwavering faith. The narrators' ability to reflect on their hardships with such serenity is inspiring.



My writing was as flat as a sidewalk. And then I downloaded ...

Mary Duffy's Toolbox for Writers
After I purchased Mary's e-book I started to get 'A's in my essays and term papers! Every page is filled with great writing tips, training lessons, and wonderful useful writing skills! Not only do I write essays for college, but also short stories!
--IVONNIE Indrawan
College student
Sentence Openers on KINDLE

Sentence Openers on NOOK













All my books are now in KINDLE


Ideas About the Novel by Ortega y Gasset - my translation $0.99
Torquemada at the Stake by Perez Galdos- my translation $0.99
Lazarillo of Tormes - my translation $0.99
Dehumanization of Art by Ortega y Gasset - my translation $0.99
Sentence Openers
East of Tiffany's - bestseller $5


The most beloved short story from Spanish literature
All my books are in NOOK $0.99 or in Amazon KINDLE $0.99








All my books are now in NOOK

Ideas About the Novel is a prophetic book that all writers must own.
Ideas About the Novel by Ortega y Gasset - my translation $0.99

Next to Cervantes, Benito Perez Galdos is the most beloved Spanish writer of all times.

Torquemada at the Stake by Perez Galdos- my translation $0.99

Lazarillo of Tormes - my translation $0.99
Read it in contemporary English -- No Thous, Thees, or King James' Bible language.

Dehumanization of Art by Ortega y Gasset - my translation $0.99
The Dehumanization of Art— is now a constant in music, literature, aesthetics, and philosophy, having come to mean that in post-modern times human-shaped mimesis (representation of the human) is irrelevant to art.

Sentence Openers
How writers open their sentences makes prose agile, interesting, and athletic.

East of Tiffany's - bestseller $5
With the city as its backdrop "East of Tiffany's" is filled with earnest tales of love, loss, faith, success and morality.



My writing was as flat as a sidewalk. And then I downloaded ...

Mary Duffy's Toolbox for Writers
After I purchased Mary's e-book I started to get 'A's in my essays and term papers!
--Ivonnie Indrawan
College student
Sentence Openers on KINDLE

Sentence Openers on NOOK





Available in KINDLE $0.99


Available in KINDLE $0.99

Friday, October 9, 2009

Plant Assets, Long-Lived Assets, Fixed Assets, Plant-Propety-and-Equipment (PP&E)

Two construction workers at work.

Image via Wikipedia

Plants Assets Plant assets are properties that have a physical substance (they occupy space and own a definite size and shape), and are used in the daily operations of a business. In contrast to merchandise, plant assets are not intended for sale to customers. In the development of Accounting, accountants have called these assets by different names: Long-lived assets, property, plant, and equipment (PP&E); plant and equipment; or fixed assets.

Historical Cost of Plant Assets

Plant assets must be recorded at cost --the initial price for which they were acquired-- in accordance with the cost principle of accounting. Once the historical cost in posted to the ledger, it cannot be changed, altered, deface, or distorted in any way. Cost includes all expenditures necessary to (1) acquire the asset, and (2) get it ready for its intended use.

Land

Land is a plant asset that includes the cash purchase price, closing costs such as title and attorney’s fees, real estate brokers’ commissions, and accrued property taxes and other liens on the land assumed by the purchaser. The peculiar feature of land is that it doesn’t depreciate.

Land improvements

Land is seldom a barren asset. Businesses make structural additions, such as driveways, parking lots, fences, landscaping, and underground sprinklers. The cost of land improvements includes all expenditures needed to make the improvements ready for their intended use.

Buildings

Buildings are assets that include all necessary costs related to its purchase or construction. 1. When a building is purchased, such costs include the purchase price, closing costs, and real estate broker’s commission. 2. The costs of remodeling and replacing or repairing the roof, floors, wiring, and plumbing must be counted and included in the total cost of the asset. 3. In the case of a new building is constructed, cost consists of the contract price plus payments for architects’ fees, building permits, interest payments during construction, and excavation costs.

Equipment

Equipment includes tools, furniture, and machinery. The purchase price, sales taxes, freight charges, insurance, cost of assembling, installing, and testing must be included as part of the historical cost.

Depreciation

Depreciation is the allocation of the cost of a long-lived asset to expense over its useful (service) life in a rational and systematic manner. a. The booking of depreciation expense provides for the proper matching of expenses with revenues as required by matching principle. b. During the physical life of a plant asset its usefulness may decline because of the fair, wear, and tear or obsolescence. c. Depreciation expense is an operating expense and it should not be viewed as a cash inflow for the replacement of the asset. Three factors affect the computation of depreciation: (1) cost, (2) useful life, and (3) salvage value; other names for salvage value are trade-in value, and scrap value.

Methods of Depreciation

The three most popular methods of recognizing depreciation are (a) straight-line, (b) units of activity, and (c) declining-balance. a. Each method is acceptable under generally accepted accounting principles. b. Once Management selects the method, the same method must be used year after year. However, should the company see that a different method is more convenient and favorable, the owner should apply to Internal Revenue Service for a change. c. The use of the same method consistently conforms to generally accepted principles and allows for comparability. In a classified balance sheet, long-lived assets appear under the title, “Plant, Property, and Equipment.”
The writing techniques I employ in this article are all explained in Mary Duffy's writing manual:

Sentence Openers


Click-->Back to main page





Reblog this post [with Zemanta]

Labels: , , , , , , , ,


Comments on "Plant Assets, Long-Lived Assets, Fixed Assets, Plant-Propety-and-Equipment (PP&E)"

 

post a comment


Professor Guerrero's Blog

Co-author of East of Tiffany's, 13 short stories that will warm your heart - See 101 reviews in Amazon.com and 37 in Barnes and Noble.

on KINDLE on NOOK

BROWSE: MORE THAN 560 ARTICLES

Book Reviews   Accounting 1   How to Become a Writer   Personal Finance   Self Help, Wealth, & Learning

Accounting2 Solutions   Greeks Romans Trojans   Feminism   Great Gatsby: Is Nick Gay?

Back to Top

Free Counter
Free Counter