Long-term Assets
Long-term assets are all those things that a company invests in to be able to generate a profit in the coming years: things like trucks and factories and intellectual property.
The video explains the most common accounting techniques that companies use to account for these assets. It also looks at how governments can influence corporate investment decisions through tax regulations.
00:00 Long-term Assets
00:00 Introduction
00:34 Definition of long-term assets
01:51 Elements of cost for PPE
05:54 Basket Purchases
08:08 Intangible assets
11:49 Goodwill
13:20 Subsequent measurement under IFRS
15:43 Cost model
18:52 Straight-line amortization
22:19 Accelerated amortization
25:03 Usage-based amortization
26:40 Revaluation model
28:52 Subsequent measurement outside of IFRS
31:34 Tax implications
33:18 Capital cost allowance
34:57 Impairment and disposal of assets
41:01 Summary