Case ID: UV1776
Solution ID: 188

Physicians for You LLC Estimating Asset Related Expenses

Case Solution

Students explore the variability in earnings due solely to the need to make estimates for several common financial statement asset-related expense items. They consider depreciable asset lives and residual values; estimated uncollectible accounts receivable; and temporary versus permanent losses on marketable equity security investments. The case can be used as an asset module capstone case either an undergraduate- or graduate-level introductory financial reporting/accounting course. Alternatively, it could be used to introduce the asset module of an accounting course. A new medical practice is about to be launched and is seeking investors. As one of the doctors puts the final touches on a pro forma income statement, he must make several estimates that are required/allowed under generally accepted accounting principles (GAAP) to finalize the projected first year earnings figure.

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