Accounting 2 · Chapter 10 · Free

Chapter 10 — Plant Assets, Natural Resources & Intangibles

How companies record long-lived assets — what counts as cost, why depreciation methods change reported profit, what happens on disposal, and how intangibles, goodwill, and depletion work.

What you'll learn

Determine which expenditures belong in the cost of a plant asset
Compute depreciation under straight-line, units-of-activity, and declining-balance methods
Record the disposal of plant assets — sales, retirements, and trade-ins
Account for intangibles, goodwill amortization, and natural-resource depletion

Lecture

Full lecture (multi-part)

Part 1 — What Actually Counts as the Cost of an Asset

Part 2 — Depreciation Methods: Why the Same Truck Gives Four Profits

Part 3 — Disposal of Plant Assets: Gain, Loss, Retirement & Trade-In

Part 4 — Intangible Assets: Amortization, Goodwill and Depletion

Quick Review

Short recaps for fast review

Exam Cram — All of Chapter 10 in 10 Minutes

The written chapter

The full written version of this chapter — every worked example, journal entry and exam summary — is in the Accounting 2 notes. $14.99 once, free updates for life.

Get the notes

Chapter downloads

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How to get the most out of this chapter

Watch the lecture above (or bookmark this page for when it goes live).
Use the Quick Review / Exam Cram videos to lock it in before moving on.
When you're ready, move on to the Chapter 11.

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