Plant Assets
      1. What are the characteristics of plant assets?
      2. How is the cost of a plant asset determined?
      3. If the cost of a plant asset exceeds its fair value, then at what amount should the asset be recorded?  Why?
      4. If the value of a plant asset exceeds its cost, should the asset be recorded at more than its cost?
      5. What are land improvements?
      6. How is depreciation defined for accounting purposes?
      7. Is depreciation a process of valuation?
      8. Identify and discuss the various depreciation methods.

    Return to Review Questions
    Return to Topical Outline
    .Return to Contemporary Accounting Issues