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Cheatography

Acctg cheat sheet to review acctg.

This is a draft cheat sheet. It is a work in progress and is not finished yet.

Plant Assets

Tangible assets that have a useful life of more than 1 accounting period.

Plant Assets

Defn: tangible assets that have a useful life of more than 1 accounting period.
Acctg for plant assets
Deprec­iation:
allocating the cost of a plant asset to expense in the accounting periods benefiting from its use.
 
 
           
 
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