When students have the English language PDF of this Brief Case in a coursepack, they'll also have the choice to buy an audio version. In estimating depreciation for accounting purposes, Delta Air Lines has altered its assumptions about aircraft lifespan and residual values four times in the last thirty years. In the most recent changes, Delta adopted fair value accounting as part of its "fresh start" emergence from bankruptcy.
Each of these policy changes has influenced future asset values along with current and future income. Students should coordinate their case analysis around three types of questions: (1) the estimated life cycle of commercial passenger planes; (2) the uses of financial reports, including the purpose of depreciation in reporting on assets and periodic income; and (3) alternate procedures for reporting asset book values and income that might better serve users of financial reports.
PUBLICATION DATE: May 06, 2009 PRODUCT #: 4013-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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