Activity Instructions This assignment provides you an opportunity to apply the concepts of accounting for property, plant, and equipment, such as determining and recording the cost of tangible assets and computing the depreciation expense based on various depreciation methods. Using the knowledge gained from the Unit 4 studies, you should be able to analyze and interpret the financial information provided in a set of financials pertaining to property, plant, and equipment. Complete P8-3 (page 432) and CP8-2 (page 443) from Chapter 8 of your Financial Accounting textbook. Submission Requirements All quantitative assignments must be completed on the Microsoft Excel templates provided. Create one workbook with multiple tabs, copying each problem’s template onto a separate tab and completing the work there. Submit this single file in the assignment area. Include your name and the assignment number in the file name; also include your name and the problem number on each tab of the document. All work should be shown. Assignments must not be submitted as a PDF. Refer to the scoring guide for this assignment to ensure that you meet the grading criteria. Note that one scoring guide is used to evaluate both of the problems in this assessment; each criterion in the scoring guide relates to one or both of the problems here.
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