Order the characteristics of a finance lease

Order the characteristics of a finance lease

alculate the cost of an asset (10.1)
LO2 explain the concept of depreciation (10.2)
LO3 calculate depreciation expense using different depreciation methods (10.3)
LO4 explain how the different methods of depreciation have an impact on profit and the balance sheet (10.4)
LO5 prepare journal entries for the purchase, sale and depreciation of equipment and demonstrate the impact of
these events on the financial statements (10.5)
LO6 prepare the accounting entries for asset revaluations (10.6)
LO7 explain what is mean by impairment (10.7)
LO8 identify the main types of intangible assets and the key accounting issues associated with intangible assets (10.8)
LO9 develop a basic understanding of the concept of goodwill (10.9)
LO10 understand the characteristics of a finance lease (10.10)
LO11 identify the key judgements made by managers regarding noncurrent assets

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