AC 550 Ch 11 Answers

Intermediate Accounting

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Unformatted text preview: CHAPTER 11 Depreciation, Impairments, and Depletion ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Depreciation methods; meaning of depreciation; choice of depreciation methods. 1, 2, 3, 4, 5, 6, 14, 20, 21, 22, 23 1, 2, 3, 4, 5, 8, 14, 15 1, 2, 3 1, 2, 3, 4, 5 2. Computation of depre- ciation. 7, 8, 9, 10, 14 1, 2, 3, 4 1, 2, 3, 4, 5, 6, 7, 10, 14, 15 1, 2, 3, 4, 11, 12 1, 2, 3 3. Depreciation base. 6 5 8, 17 1, 2, 3 3 4. Errors; changes in estimate. 13 7 11, 12, 13, 14 3, 4 3 5. Depreciation of partial periods. 15 3, 4 3, 4, 5, 7, 15 1, 2, 3, 8, 10, 11 6. Composite method. 11, 12 6 9 2 7. Impairment of value. 16, 17, 18, 19 8 16, 17, 18 9 8. Depletion. 22, 23, 24, 25, 26, 27 9 19, 20, 21, 22, 23 5, 6, 7 9. Ratio analysis. 28 10 24 *10. Tax depreciation (MACRS). 29 11 25, 26 12 *This material is covered in an Appendix to the chapter. 11-1 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 1. Explain the concept of depreciation. 2. Identify the factors involved in the depreciation process. 2, 3, 4, 5, 7 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 1, 2, 3, 4, 8, 10, 11, 12 3. Compare activity, straight-line and decreasing- charge methods of depreciation. 2, 3, 4, 5 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 1, 2, 3, 4, 5, 8, 10, 11, 12 4. Explain special depreciation methods. 1, 6 5. Explain the accounting issues related to asset impairment. 8 16, 17, 18 9 6. Explain the accounting procedures for depletion of natural resources. 9 19, 20, 21, 22, 23 5, 6, 7 7. Explain how to report and analyze property, plant, equipment, and natural resources. 10 24 *8. Describe income tax methods of depreciation. 11 25, 26 12 11-2 ASSIGNMENT CHARACTERISTICS TABLE 11-3 It e m Description Level of Difficu lty Time (minut es) E 11-1 Depreciation computationsSL, SYD, DDB. Simple 1520 E 11-2 Depreciationconceptual understanding. Moder ate 2025 E 11-3 Depreciation computationsSYD, DDBpartial periods. Simple 1520 E 11-4 Depreciation computationsfive methods. Simple 1525 E 11-5 Depreciation computationsfour methods. Simple 2025 E 11-6 Depreciation computationsfive methods, partial periods. Moder ate 2535 E 11-7 Different methods of depreciation. Simple 2030 E 11-8 Depreciation computationreplacement, nonmonetary exchange. Moder ate 2025 E 11-9 Composite depreciation. Simple 1520 E 11- 10 Depreciation computations, SYD. Simple 1015 E 11- 11 Depreciationchange in estimate. Simple 1015 E 11- 12 Depreciation computationaddition, change in estimate. Simple 2025 E 11- 13 Depreciationreplacement, change in estimate. Simple 1520 E 11- 14 Error analysis and depreciation, SL and SYD. Moder ate 2025 11-4 E 11- 15 Depreciation for fractional periods. Moder ate 2535 E 11- 16 Impairment. Simple 1015 E 11- 17 Impairment. Simple 1520 E 11- 18 Impairment. Simple 1520...
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AC 550 Ch 11 Answers - CHAPTER 11 Depreciation,...

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