Chapter: 11

Accounting for Fixed Assets and Intangibles

Learning Objectives

After studying this chapter, you should be able to understand  

• Meaning of Fixed Assets
• Cost of acquisition of assets
• Accounting at the time of acquisition
• Accounting at the time of use: depreciation
• Accounting at the time of disposal
• Meaning of Intangible Assets
• Acquisition of Intangible Assets
• Recognition of Intangible Assets
• Amortisation of Intangible Assets
• Disclosure of Intangible Asset