Ch 59: Cost Recovery Method in Accounting

About This Chapter

Use these bite-sized lessons to broaden your understanding of the cost recovery method in accounting. This chapter covers a range of key topics including depreciation, amortization of intangible assets, and accumulated depletion.

Cost Recovery Method in Accounting - Chapter Summary

Get a comprehensive overview of the cost recovery method in accounting using this collection of video and text-based lessons. You'll master each step in the process of cost recovery by examining important definitions and examples. Discover the formula for calculating depreciation and the definition of accumulated tax depreciation. By the end of the chapter, you should also be able to:

  • Define depreciation
  • Describe amortization of intangible assets and give examples
  • Explain accumulated depletion
  • Reconcile activity in an accumulated tax depreciation account

These engaging lessons, delivered by expert instructors, can be viewed in any order and take you through each topic at any appropriate pace. Be sure to use the additional features like the video transcripts and tags, and test yourself with the short quizzes provided at the end of each lesson. You can also track your progress through the chapter and the whole course via your Dashboard.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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Other Chapters

Other chapters within the Certified Public Accountant (CPA) Exam: Study Guide & Practice course