BOA 118 - Inventory and Depreciation

Institution:

Columbus State Community College

Subject:

Description:

Students will learn the perpetual and periodic methods of recording inventory. Find out how to cost out inventory and record cost of goods sold using weighted and moving average, FIFO, LIFO, and lower of cost or market (LCM). Students will also learn to compute and record depreciation for book and tax purposes; the 4 major methods of GAAP depreciation; MACRS depreciation for tax purposes, including Section 179 deductions; and tax depreciation of cars, SUVs and other vehicles.

Credits:

2.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Multiple

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.cscc.edu/

Phone Number:

(614) 287-5353

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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