1. Identify the types of long-terms assets and explain the management issues related to accounting for them.
2. Distinguish between capital and revenue expenditures, and account for the cost of property, plant, and equipment.
3. Define depreciation, state the factors that affect its computation, and show how to record it.
4. Compute periodic depreciation under the straight-line method, production method, and declining-balance method.
5. Account for the disposal of depreciable assets not involving exchanges.
6. Account for the disposal of depreciable assets involving exchanges.
7. Identify the issues related to accounting for natural resources and compute depletion.
8. Apply the matching rule to intangible assets, including research and development costs and goodwill.
9. Apply depreciation methods to problems of partial years, revised rates, groups of similar items, special types of capital expenditures, and cost recovery.