Leer el cap$$tulo $10$ de libro de texto: Adquisition and Disposition of Property, Plant and Equipment.

$2.$Acceder a las direcciones electr$$nicas sugeridas y estudiar el contenido.

$3.$Trabajar las siguientes preguntas del libro de texto y entregar utilizando la plataforma CANVAS. $($Valor $10$pts$)$

$$ a$.$ Preguntas

$$i$.$ What are the major characteristics of plant assets?

$$ ii$.$ Mickelson Inc. owns land that it purchased on Jan $1,2000,$ for $$450,000.$ At Dec $31.2017,$ its current value is $$770,000$ as determined by appraisal. At what amount should Mickelson report this asset on its Dec $31,2017,$ balance sheet? Explain.

$$ iii.$$ Name the items, I addition to the amount paid to the former owner or contractor, that may properly be included as part of the acquisition cost of the following plant assets.

$$a$.$Land

$$ b$.$Machinery and equipment

$$c$.$Buildings

$$ iv$.$ Provide examples of assets that do not qualify for interest capitalization.