Physicians for You, LLC: Estimating Asset-Related Expenses

7 Pages Posted: 5 Apr 2010

See all articles by Mark E. Haskins

Mark E. Haskins

University of Virginia - Darden School of Business


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.

Keywords: budgeting, cost allocation

JEL Classification: A20, M41

Suggested Citation

Haskins, Mark E., Physicians for You, LLC: Estimating Asset-Related Expenses. Darden Case No. UVA-C-2304, Available at SSRN:

Mark E. Haskins (Contact Author)

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924 -4826 (Phone)


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