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Adelphi University/Devry
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Adelphi University
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ACCT 504 Week 5 Plant Assets and Intangibles
Companies have a significant amount of investment in long-lived assets, which include property, plant and equipment (commonly referred to as Plant Assets), and intangible assets.Â
Let's begin by talking about plant assets. Can you tell us what kind of plant assets are used in your company or place of business? Do you have an estimate of the amount invested in those plant assets?
ACCT 504 Week 5 Accounting for Liabilities
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In this area, we will discuss different types of liabilities and understand how to account for and report those liabilities.Â
Why are liabilities classified on a balance sheet as current and non-current? Who wants to know? What is the benefit of knowing this information?
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