Excerpt..."In the past year, musicians such as Bob Dylan, Stevie Nicks, Neil Young and Paul Simon have sold their songwriting catalogues for nine-figure sums. Specialist funds, music labels and private equity groups have been avid buyers as they look to invest in old bodies of work that have boomed in value.
LO 9.7: Interpret the fixed asset turnover ratio
LO 9.8: Describe factors to consider when comparing companies' long lived assets
LO 9.S1: Analyze and report depletion of natural resources
LO 9.S2: Calculate changes in depreciation arising from changes in estimates or capitalized cost