Chapter 9, LO3, Post-Acquisition Costs, Example of Replacement Costs

In this video I demonstrate two (2) examples of post-acquisition costs, also called subsequent costs:
a. an asset replacement when the cost of the original component is known, and
b. an asset replacement when the cost of the original component is unknown and must be estimated.
This is based on the textbook Intermediate Accounting, Volume 1, Eight Edition, by Beechy, Davidson Conrod, Farrell, McLeod-Dick, Sevel, and Tomulka, published by McGraw Hill.
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