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Finance and Accounting for NonFinancial Managers, 3rd Edition by Eliot H. Sherman

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 8 

Managing Long-Term Assets

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Learning Objectives

By the end of this chapter, you should be able to:

•  Distinguish between long-term and short-term assets.

•  Explain how depreciation relates to the valuation of fixed assets on the Balance Sheet.

•  Identify those investments that may adversely affect financial performance.

OVERVIEW

Long-term assets are the productive assets of a business. They are generally more expensive and complex than short-term assets and require several levels of approval before acquisition. Their management comes under the scrutiny of senior management and the operating manager needs to understand how performance ...

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