This course provides an overview of how U.S. GAAP applies to fixed assets. It explores important topics such as how and when to recognize assets, how to measure and depreciate them, and what to consider when assets are impaired or held for sale. The course also addresses the accounting for asset sales and abandonments, including how to determine and report gains or losses.
Course Publication Date:
September 27, 2025
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$10.00!
| Author: | Kelen Camehl |
| Course No: | ACT-FIXED-29005 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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Learning Objectives
- Identify capitalizable costs and assets qualifying for interest capitalization.
- Determine interest eligible for capitalization and impairment triggers.
- Recognize depreciation methods, impairment steps, and sale criteria.
- Identify impacts of changes in depreciation or useful life.
- List held-for-sale criteria and differentiate asset classifications.
- Identify key disclosure requirements under ASC 360.