{"id":241,"date":"2024-09-06T16:47:50","date_gmt":"2024-09-06T16:47:50","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/chapter\/book-value\/"},"modified":"2024-09-11T18:51:21","modified_gmt":"2024-09-11T18:51:21","slug":"book-value","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/chapter\/book-value\/","title":{"raw":"Book Value","rendered":"Book Value"},"content":{"raw":"<section class=\"textbox learningGoals\" aria-label=\"Learning Goals\">\r\n<ul>\r\n \t<li>Understand the relationship between accumulated depreciation and depreciation expense<\/li>\r\n<\/ul>\r\n<\/section>&nbsp;\r\n\r\nAccumulated depreciation tracks depreciation (cost allocated to the income statement) to date. In the second year, assuming Spivey made no additional PP&amp;E purchases, the depreciation schedule would be as follows:\r\n<table class=\"fin-table gridded\"><caption>Fixed Assets<\/caption>\r\n<tbody>\r\n<tr>\r\n<td style=\"text-align: right;\" colspan=\"7\"><strong>As of 12\/31\/20X2<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"text-align: center;\" colspan=\"7\"><strong>Spivey Company<\/strong><\/td>\r\n<\/tr>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"7\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"col\">Asset<\/th>\r\n<th scope=\"col\">Description<\/th>\r\n<th scope=\"col\">Date Purchased<\/th>\r\n<th scope=\"col\">Cost<\/th>\r\n<th scope=\"col\">Depreciation<\/th>\r\n<th scope=\"col\">PY Acc. Dep.<\/th>\r\n<th scope=\"col\">CY Acc. Dep.<\/th>\r\n<\/tr>\r\n<tr>\r\n<td>1<\/td>\r\n<td>Land<\/td>\r\n<td>2\/1\/20X1<\/td>\r\n<td>262,800<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>4<\/td>\r\n<td>Land<\/td>\r\n<td>10\/1\/20X1<\/td>\r\n<td>120,000<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th colspan=\"3\" scope=\"row\"><strong>Total Land<\/strong><\/th>\r\n<td><strong>382,800<\/strong><\/td>\r\n<td class=\"r\">-<\/td>\r\n<td class=\"r\">-<\/td>\r\n<td class=\"r\">-<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>2<\/td>\r\n<td>Building<\/td>\r\n<td>7\/1\/20X1<\/td>\r\n<td>490,000<\/td>\r\n<td>11,025<\/td>\r\n<td>5,513<\/td>\r\n<td>16,538<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>5<\/td>\r\n<td>Building<\/td>\r\n<td>10\/1\/20X1<\/td>\r\n<td>600,000<\/td>\r\n<td>13,500<\/td>\r\n<td>4,000<\/td>\r\n<td>17,500<\/td>\r\n<\/tr>\r\n<tr>\r\n<th colspan=\"3\" scope=\"row\"><strong>Total Buildings<\/strong><\/th>\r\n<td><strong>1,090,000<\/strong><\/td>\r\n<td><strong>24,525<\/strong><\/td>\r\n<td><strong>9,513<\/strong><\/td>\r\n<td><strong>34,038<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>3<\/td>\r\n<td>Machine<\/td>\r\n<td>7\/1\/20X1<\/td>\r\n<td>162,000<\/td>\r\n<td>35,438<\/td>\r\n<td>20,250<\/td>\r\n<td>55,688<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>6<\/td>\r\n<td>Delivery Van<\/td>\r\n<td>10\/1\/20X1<\/td>\r\n<td>45,000<\/td>\r\n<td>16,200<\/td>\r\n<td>4,500<\/td>\r\n<td>20,700<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>7<\/td>\r\n<td>Machine<\/td>\r\n<td>10\/1\/20X1<\/td>\r\n<td>99,500<\/td>\r\n<td>23,320<\/td>\r\n<td>6,219<\/td>\r\n<td>29,539<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>8<\/td>\r\n<td>Office Furniture<\/td>\r\n<td>10\/1\/20X1<\/td>\r\n<td>70,000<\/td>\r\n<td>13,300<\/td>\r\n<td>3,500<\/td>\r\n<td>16,800<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>9<\/td>\r\n<td>Computer<\/td>\r\n<td>10\/1\/20X1<\/td>\r\n<td>5,500<\/td>\r\n<td>1,980<\/td>\r\n<td>550<\/td>\r\n<td>2,530<\/td>\r\n<\/tr>\r\n<tr>\r\n<th colspan=\"3\" scope=\"row\"><strong>Total Machinery and Equipment<\/strong><\/th>\r\n<td><strong>382,000<\/strong><\/td>\r\n<td><strong>90,238<\/strong><\/td>\r\n<td><strong>35,019<\/strong><\/td>\r\n<td><strong>125,257<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<th colspan=\"3\" scope=\"row\">Total PP&amp;E<\/th>\r\n<td><strong>1,854,800<\/strong><\/td>\r\n<td><strong>114,763<\/strong><\/td>\r\n<td><strong>44,532<\/strong><\/td>\r\n<td><strong>159,295<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nThe current year depreciation is added to the prior year\u2019s accumulated depreciation to give us the current amount of accumulated depreciation.\r\n\r\nAfter the year-end adjusting journal entry is posted:\r\n<table class=\"fin-table gridded\"><caption class=\"u-clearfix\"><span style=\"text-transform: uppercase;\">Journal<\/span><span style=\"float: right;\">Page 101<\/span><\/caption>\r\n<thead>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"5\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"col\">Date<\/th>\r\n<th scope=\"col\">Description<\/th>\r\n<th scope=\"col\">Post. Ref.<\/th>\r\n<th scope=\"col\">Debit<\/th>\r\n<th scope=\"col\">Credit<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td>20X2<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th scope=\"row\">Dec 31<\/th>\r\n<td>Depreciation Expense - Buildings<\/td>\r\n<td><\/td>\r\n<td>24,525.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Dec 31<\/span><\/th>\r\n<td>Depreciation Expense - Machinery<\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\">90,238.00<\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Dec 31<\/span><\/th>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Accumulated Depreciation - Buildings<\/td>\r\n<td><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\">24,525.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Dec 31<\/span><\/th>\r\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Accumulated Depreciation - Machinery<\/td>\r\n<td><\/td>\r\n<td class=\"r\"><\/td>\r\n<td class=\"r\">90,238.00<\/td>\r\n<\/tr>\r\n<tr>\r\n<th><span class=\"u-sr-only\">Dec 31<\/span><\/th>\r\n<td>To record depreciation expense for 20X2<\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<td><\/td>\r\n<\/tr>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"5\"><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nThe ledger accounts would look like this:\r\n\r\n<a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/12132731\/Book-Value11.png\"><img class=\"alignnone size-full wp-image-5569\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/12132731\/Book-Value11.png\" alt=\"Three T accounts side by side. On the left is a machinery chart. On the debit side, there is a beginning balance of 382,000 dollars. There is a debit total of 382,800 dollars. In the middle is a building chart. On the debit side, there is a beginning balance of 1,090,000 dollars. There is a debit total of 1,090,000 dollars. On the right is a land chart. On the debit side, there is a beginning balance of 382,000 dollars. There is a debit total of 382,000 dollars.\" width=\"895\" height=\"289\" \/><\/a>\r\n\r\n<a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/12132734\/Book-Value21.png\"><img class=\"alignnone size-full wp-image-5570\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/12132734\/Book-Value21.png\" alt=\"Two T accounts side by side. On the left is an Acc. Dep-Machinery chart. On the credit side, there's a beginning balance of 35,019 dollars. On the credit side, there is an adjusting journal entry, on December 31st, of 90,238 dollars. There is an ending balance of 125,257 dollars on the credit side. On the right side is an Acc. Dep-Building chart. On the credit side, there's a beginning balance of 9,513 dollars. On the credit side, there is an adjusting journal entry, on December 31st, of 24,525 dollars. There is an ending balance of 34,035 dollars on the credit side.\" width=\"757\" height=\"244\" \/><\/a>\r\n\r\nObviously, new purchases would have to be taken into account, as would sales and other dispositions, which will be addressed in the next section.\r\n\r\nThe book value of machinery and equipment at the end of 20XX would be $256,743, which is the historical cost less accumulated depreciation, and the book value of buildings at the end of 20XX would be $1,055,962.\r\n\r\nNotice once again that the GL control accounts give us totals, but not detail. We rely on our subschedules (subsidiary ledgers) to do that. Notice that the subsidiary ledger is tied to (equals) the GL control accounts.\r\n\r\n<section class=\"textbox tryIt\" aria-label=\"Try It\">[ohm2_question hide_question_numbers=1]25188[\/ohm2_question]<\/section>","rendered":"<section class=\"textbox learningGoals\" aria-label=\"Learning Goals\">\n<ul>\n<li>Understand the relationship between accumulated depreciation and depreciation expense<\/li>\n<\/ul>\n<\/section>\n<p>&nbsp;<\/p>\n<p>Accumulated depreciation tracks depreciation (cost allocated to the income statement) to date. In the second year, assuming Spivey made no additional PP&amp;E purchases, the depreciation schedule would be as follows:<\/p>\n<table class=\"fin-table gridded\">\n<caption>Fixed Assets<\/caption>\n<tbody>\n<tr>\n<td style=\"text-align: right;\" colspan=\"7\"><strong>As of 12\/31\/20X2<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" colspan=\"7\"><strong>Spivey Company<\/strong><\/td>\n<\/tr>\n<tr aria-hidden=\"true\">\n<td colspan=\"7\"><\/td>\n<\/tr>\n<tr>\n<th scope=\"col\">Asset<\/th>\n<th scope=\"col\">Description<\/th>\n<th scope=\"col\">Date Purchased<\/th>\n<th scope=\"col\">Cost<\/th>\n<th scope=\"col\">Depreciation<\/th>\n<th scope=\"col\">PY Acc. Dep.<\/th>\n<th scope=\"col\">CY Acc. Dep.<\/th>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>Land<\/td>\n<td>2\/1\/20X1<\/td>\n<td>262,800<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>Land<\/td>\n<td>10\/1\/20X1<\/td>\n<td>120,000<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th colspan=\"3\" scope=\"row\"><strong>Total Land<\/strong><\/th>\n<td><strong>382,800<\/strong><\/td>\n<td class=\"r\">&#8211;<\/td>\n<td class=\"r\">&#8211;<\/td>\n<td class=\"r\">&#8211;<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>Building<\/td>\n<td>7\/1\/20X1<\/td>\n<td>490,000<\/td>\n<td>11,025<\/td>\n<td>5,513<\/td>\n<td>16,538<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Building<\/td>\n<td>10\/1\/20X1<\/td>\n<td>600,000<\/td>\n<td>13,500<\/td>\n<td>4,000<\/td>\n<td>17,500<\/td>\n<\/tr>\n<tr>\n<th colspan=\"3\" scope=\"row\"><strong>Total Buildings<\/strong><\/th>\n<td><strong>1,090,000<\/strong><\/td>\n<td><strong>24,525<\/strong><\/td>\n<td><strong>9,513<\/strong><\/td>\n<td><strong>34,038<\/strong><\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>Machine<\/td>\n<td>7\/1\/20X1<\/td>\n<td>162,000<\/td>\n<td>35,438<\/td>\n<td>20,250<\/td>\n<td>55,688<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>Delivery Van<\/td>\n<td>10\/1\/20X1<\/td>\n<td>45,000<\/td>\n<td>16,200<\/td>\n<td>4,500<\/td>\n<td>20,700<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>Machine<\/td>\n<td>10\/1\/20X1<\/td>\n<td>99,500<\/td>\n<td>23,320<\/td>\n<td>6,219<\/td>\n<td>29,539<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>Office Furniture<\/td>\n<td>10\/1\/20X1<\/td>\n<td>70,000<\/td>\n<td>13,300<\/td>\n<td>3,500<\/td>\n<td>16,800<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>Computer<\/td>\n<td>10\/1\/20X1<\/td>\n<td>5,500<\/td>\n<td>1,980<\/td>\n<td>550<\/td>\n<td>2,530<\/td>\n<\/tr>\n<tr>\n<th colspan=\"3\" scope=\"row\"><strong>Total Machinery and Equipment<\/strong><\/th>\n<td><strong>382,000<\/strong><\/td>\n<td><strong>90,238<\/strong><\/td>\n<td><strong>35,019<\/strong><\/td>\n<td><strong>125,257<\/strong><\/td>\n<\/tr>\n<tr>\n<th colspan=\"3\" scope=\"row\">Total PP&amp;E<\/th>\n<td><strong>1,854,800<\/strong><\/td>\n<td><strong>114,763<\/strong><\/td>\n<td><strong>44,532<\/strong><\/td>\n<td><strong>159,295<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The current year depreciation is added to the prior year\u2019s accumulated depreciation to give us the current amount of accumulated depreciation.<\/p>\n<p>After the year-end adjusting journal entry is posted:<\/p>\n<table class=\"fin-table gridded\">\n<caption class=\"u-clearfix\"><span style=\"text-transform: uppercase;\">Journal<\/span><span style=\"float: right;\">Page 101<\/span><\/caption>\n<thead>\n<tr aria-hidden=\"true\">\n<td colspan=\"5\"><\/td>\n<\/tr>\n<tr>\n<th scope=\"col\">Date<\/th>\n<th scope=\"col\">Description<\/th>\n<th scope=\"col\">Post. Ref.<\/th>\n<th scope=\"col\">Debit<\/th>\n<th scope=\"col\">Credit<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>20X2<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th scope=\"row\">Dec 31<\/th>\n<td>Depreciation Expense &#8211; Buildings<\/td>\n<td><\/td>\n<td>24,525.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Dec 31<\/span><\/th>\n<td>Depreciation Expense &#8211; Machinery<\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\">90,238.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Dec 31<\/span><\/th>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Accumulated Depreciation &#8211; Buildings<\/td>\n<td><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\">24,525.00<\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Dec 31<\/span><\/th>\n<td>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Accumulated Depreciation &#8211; Machinery<\/td>\n<td><\/td>\n<td class=\"r\"><\/td>\n<td class=\"r\">90,238.00<\/td>\n<\/tr>\n<tr>\n<th><span class=\"u-sr-only\">Dec 31<\/span><\/th>\n<td>To record depreciation expense for 20X2<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr aria-hidden=\"true\">\n<td colspan=\"5\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The ledger accounts would look like this:<\/p>\n<p><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/12132731\/Book-Value11.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5569\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/12132731\/Book-Value11.png\" alt=\"Three T accounts side by side. On the left is a machinery chart. On the debit side, there is a beginning balance of 382,000 dollars. There is a debit total of 382,800 dollars. In the middle is a building chart. On the debit side, there is a beginning balance of 1,090,000 dollars. There is a debit total of 1,090,000 dollars. On the right is a land chart. On the debit side, there is a beginning balance of 382,000 dollars. There is a debit total of 382,000 dollars.\" width=\"895\" height=\"289\" \/><\/a><\/p>\n<p><a href=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/12132734\/Book-Value21.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5570\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/12132734\/Book-Value21.png\" alt=\"Two T accounts side by side. On the left is an Acc. Dep-Machinery chart. On the credit side, there's a beginning balance of 35,019 dollars. On the credit side, there is an adjusting journal entry, on December 31st, of 90,238 dollars. There is an ending balance of 125,257 dollars on the credit side. On the right side is an Acc. Dep-Building chart. On the credit side, there's a beginning balance of 9,513 dollars. On the credit side, there is an adjusting journal entry, on December 31st, of 24,525 dollars. There is an ending balance of 34,035 dollars on the credit side.\" width=\"757\" height=\"244\" \/><\/a><\/p>\n<p>Obviously, new purchases would have to be taken into account, as would sales and other dispositions, which will be addressed in the next section.<\/p>\n<p>The book value of machinery and equipment at the end of 20XX would be $256,743, which is the historical cost less accumulated depreciation, and the book value of buildings at the end of 20XX would be $1,055,962.<\/p>\n<p>Notice once again that the GL control accounts give us totals, but not detail. We rely on our subschedules (subsidiary ledgers) to do that. Notice that the subsidiary ledger is tied to (equals) the GL control accounts.<\/p>\n<section class=\"textbox tryIt\" aria-label=\"Try It\"><iframe loading=\"lazy\" id=\"ohm25188\" class=\"resizable\" src=\"https:\/\/ohm.one.lumenlearning.com\/multiembedq.php?id=25188&theme=lumen&iframe_resize_id=ohm25188&source=tnh\" width=\"100%\" height=\"150\"><\/iframe><\/section>\n","protected":false},"author":6,"menu_order":12,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Book Value\",\"author\":\"Joseph Cooke\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":229,"module-header":"- Select Header -","content_attributions":[{"type":"original","description":"Book Value","author":"Joseph Cooke","organization":"Lumen Learning","url":"","project":"","license":"cc-by","license_terms":""}],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/241"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/users\/6"}],"version-history":[{"count":4,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/241\/revisions"}],"predecessor-version":[{"id":906,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/241\/revisions\/906"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/parts\/229"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/241\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/media?parent=241"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapter-type?post=241"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/contributor?post=241"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/license?post=241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}