IntAccSol_Chapter 10

IntAccSol_Chapter 10 - CHAPTER 10 Acquisition and...

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Unformatted text preview: CHAPTER 10 Acquisition and Disposition of Property, Plant, and Equipment 1. ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) 2. Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Valuation and classification of land, buildings, and equipment. 1, 2, 3, 4, 6, 7, 12, 13, 18 1 1, 2, 3, 4, 5, 13 1, 2, 3, 5 1, 6, 7 2. Self-constructed assets, capitalization of overhead. 5, 8, 20, 21 4, 6, 12 2 3. Capitalization of interest. 7, 9, 10, 13, 18 2, 3, 4 4, 5, 7, 8, 9, 10, 16 1, 5, 6, 7 3, 4 4. Exchanges of assets 12, 16, 17 8, 9, 10, 11, 12 3, 11, 16, 17, 18, 19, 20 4, 8, 9, 10, 11 5 5. Lump-sum purchases, issuance of stock, deferred payment contracts. 12, 14, 15 6, 7 3, 6, 11, 12, 13, 14, 15, 16 1, 11 6. Costs subsequent to acquisition. 16, 18, 19, 22 13 21, 22, 23 1 7. Alternative valuations. 23 5 3 8. Disposition of assets. 24 14, 15 24, 25 4 1 3. 1. 10- 1 4. ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) 5. Learning Objectives 6. Bri ef Exerci ses 7. Exerci ses 8. Prob lems 1. Describe property, plant, and equipment. 2. Identify the costs to include in initial valuation of property, plant, and equipment. 1 1, 2, 3, 4, 5, 11, 12, 13 1, 2, 3, 4, 5, 6, 11 3. Describe the accounting problems associated with self-constructed assets. 4, 5, 6, 11, 12 3 4. Describe the accounting problems associated with interest capitalization. 2, 3, 4 5, 6, 7, 8, 9, 10 5, 6, 7, 8, 9, 10, 11 5. Understand the accounting issues related to acquiring and valuing plant assets. 5, 6, 7, 8, 9, 10, 11, 12 11, 12, 13, 14, 15, 16, 17, 18, 19, 20 3, 4 6. Describe the accounting treatment for costs subsequent to acquisition. 13 21, 22, 23, 24 7. Describe the accounting treatment for the disposal of property, plant, and equipment. 14, 15 25 2, 4, 11 2 9. ASSIGNMENT CHARACTERISTICS TABLE 10. 11. I t e m 12. 13. Description 14. Level of Diffic ulty 15. Time (min utes) 16. E 1- 1 17. 18. Acquisition costs of realty. 19. Mod erate 1520 20. E 1- 2 21. 22. Acquisition costs of realty. 23. Simp le 24. 10 15 25. E 1- 3 26. 27. Acquisition costs of trucks. 28. Simp le 29. 10 15 30. E 1- 4 31. 32. Purchase and self-constructed cost of assets. 33. Mod erate 34. 20 25 35. E 1- 5 36. 37. Treatment of various costs. 38. Mod erate 39. 30 40 40. E 1- 6 41. 42. Correction of improper cost entries. 43. Mod erate 44. 15 20 45. E 1- 7 46. 47. Capitalization of interest. 48. Mod erate 49. 20 25 50. E 1 51. Capitalization of interest. 52. Mod erate 53. 20 25 1. 10- 3- 8 54. E 1- 9 55. Capitalization of interest. 56. Mod erate 57. 20 25 58. E 1- 1 59. 60. Capitalization of interest. 61. Mod erate 62. 20 25 63. E 1- 1 1 64. 65. Entries for equipment acquisitions. 66. Simp le 67. 10 15 68....
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This note was uploaded on 04/24/2008 for the course ACC 319 taught by Professor Lewis during the Spring '08 term at Creighton.

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IntAccSol_Chapter 10 - CHAPTER 10 Acquisition and...

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