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In this
chapter, we explain the application of the cost principle of accounting to property, plant, and equipment, such
as Rent-A-Wreck (USA) vehicles, as well as to natural resources and intangible assets such as the "Rent-AWreck" trademark. We also describe the methods that companies may use t o allocate an asset's cost over
its useful life. In addition, we discuss the accounting for expenditures incurred during the useful life of assets, such as the cost of replacing tires and brake pads on rental cars.
The content and organization of Chapter 9 are as follows.
Presentation
Analysis