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Chapter 5

Non-current assets: Acquisition and

depreciation

Outcome

By the end of this session you should be able to:

 define tangible and intangible non-current assets

 classify expenditure as capital or revenue

 prepare accounting entries to record the acquisition and depreciation of tangible
non-current assets

 calculate depreciation using different methods of calculation

 prepare accounting entries to record the acquisition and amortisation of
intangible non-current assets

 prepare extracts of financial statements dealing with non-current assets

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 5 of your Study Text

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