iRubric: Asset Valuation rubric

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Asset Valuation Students will demonstrate an understanding of three methods of inventory valuation, two methods of fixed asset depreciation, and when each should be used. Rubric Code: Y4398B By lhicks1 Ready to use Public Rubric Subject: Business Type: Assignment Grade Levels: 9-12

Inventory Valuation Project Student will be given a sample inventory, with purchase dates and purchase prices. Assignment is for students to value the inventory three different ways learned in class. Then recommend to the business owner which valuation methods should be used. To do this, student should compute values on an Excel spreadsheet, and generate a graph comparing inventory methods.
	Poor Basic 1 pts	Good Performance 2 pts	Exceptional Mastery 3 pts
Inventory Valuation Student will be able to identify three methods of inventory valuation.	Poor Student will demonstrate by recall: FIFO, LIFO, and cost as methods of inventory valuation.	Good Student will demonstrate by recall: FIFO, LIFO, and Cost as methods of inventory valuation, and explain what each entails.	Exceptional Student will be demonstrate by recall: FIFO, LIFO, and Cost as methods of inventory valuation, explain each, and compute values of a sample inventory
Technology Skill Student will compose an Excel spreadsheet to compute values of the sample inventory by LIFO, FIFO and Cost methods.	Poor Student will use appropriate columnar and row headings and accurately place sample data into the spreadsheet.	Good Student will use formulas that accurately sum columns and rows. Formulas will apply appropriate valuation methods to data. Graph will compare three methods.	Exceptional Formulas will accurately apply approprite valuation methods to data. Graph will be accurately constructed to show comparison. Cells will be formatted correctly (text, date, currency).
Analysis Student will present his graph to the class and explain which method should be used to maximize asset value, and which method to minimize asset value.	Poor Student correctly identifies which method provides for maximum asset value, and which for minimal asset value.	Good Student presents one reason to prefer a method in the sample case.	Exceptional Student presents two or more good reasons to prefer one method to another in the sample case.