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Ch(4):Depreciation of Plant Assets85Chapter (4):Depreciation of Plant AssetsLearning Objectives:After studying this chapter, you should be able to:1-explain the cost principle for computing the cost of plant assets.2-distinguish between revenues and capital expenditures.3-compute depreciation expense by using the straight line method.4-compute depreciation expense by using decliningbalancemethod. 5-compute depreciation expense by using units of activity production method.6-explain depreciationfor partial years and changes in estimates.A Look BackChapter 3: Focuses on accounting for receivableA look at this chapterThis chapter Focuses on depreciationmethodsof plant assetsA Look AheadChapter 5Extendes our focus on disposal of plant assets