Topics covered include: Basic understanding of accounting for fixed assets; The accounting cycle for fixed assets; Posting transactions to record the acquisition of fixed assets; Determining the useful life of a fixed asset; Calculating and posting depreciation; Posting transactions for the sale or disposition of a fixed asset. Upon completing this course, you should be able to: Define what a fixed asset is; Recognize how to Post transactions for the acquisition of fixed assets; Identify the useful life of an asset; Recognize how to calculate depreciation; Recognize how to post transactions for the disposition of fixed assets; Differentiate depreciation methods; Recognize types of fixed assets are depreciated over 10 years for tax purposes; Identify the 2018 & 2019 limit for bonus depreciation; Recognize true statements regarding asset impairment; Identify components of the COSO internal control framework; Recognize types of intangible assets.