Description
In 2012, the owner of a popular batting cage reveals financial details about her company’s long-lived assets for the purpose of completing the necessary fiscal-year accounting transactions.
Learning Objective
·To calculate depreciation for long-lived assets and to identify the correct debit and credit entries. ·To deal with long lived asset trade-ins, sales and purchases using T-accounts. ·To recognize and amortize intangible long lived assets.