acct2301 at UT Arlington

2. Lump Sum Purchases

in Chapter 8 (Video 2 of 8)
When you buy a group of assets all at once, you need to split up the purchase price in a reasonable way. I'll show you what is reasonable.

This Video Mentioned Some Formulas

Purchase Price of Asset = Purchase Price of Group * (FMV of Asset / FMV of Whole Group)
Lump Sum Purchases are also called Basket Purchases, or Group Purchases

Did I miss anything in Chapter 8?

What Did I Miss?