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Unformatted text preview: CHAPTER 8 Operating Assets: Property, Plant, and Equipment, and Intangibles OVERVIEW OF EXERCISES, PROBLEMS, AND CASES Estimated Time in Learning Outcomes Exercises Minutes Level 1. Understand the balance sheet disclosures for 11* 30 Mod operating assets. 2. Determine the acquisition cost of an operating asset. 1 10 Easy 3. Explain how to calculate the acquisition cost of assets 2 20 Mod purchased for a lump sum. 4. Describe the impact of capitalizing interest as part of the 12* 5 Easy acquisition cost of an asset. 5. Compare depreciation methods and understand the factors 3 20 Mod affecting the choice of method. 4 15 Mod 12* 5 Easy 6. Understand the impact of a change in the estimate of the asset 5 15 Mod life or residual value. 7. Determine which expenditures should be capitalized as asset costs 11* 30 Mod and which should be treated as expenses. 8. Analyze the effect of the disposal of an asset at a gain or loss. 6 15 Mod 7 15 Mod 9. Understand the balance sheet presentation of intangible assets. 13* 10 Mod 10. Understand the proper amortization of intangible assets. 8 15 Easy 13* 10 Mod 11. Explain the impact that longterm assets have on the statement 9 5 Mod of cash flows. 10 5 Mod 12. Understand how investors can analyze a companys operating assets. *Exercise, problem, or case covers two or more learning outcomes Level = Difficulty levels: Easy; Moderate (Mod); Difficult (Diff) 81 82 FINANCIAL ACCOUNTING SOLUTIONS MANUAL Problems Estimated and Time in Learning Outcomes Alternates Minutes Level 1. Understand the balance sheet disclosures for operating assets. 6* 30 Mod 2. Determine the acquisition cost of an operating asset. 7* 15 Diff 3. Explain how to calculate the acquisition cost of assets 1 20 Mod purchased for a lump sum. 5 40 Diff 6* 30 Mod 4. Describe the impact of capitalizing interest as part of the acquisition cost of an asset. 5. Compare depreciation methods and understand the factors 2 10 Easy affecting the choice of method. 3 15 Mod 6* 30 Mod 7* 15 Diff 8* 20 Mod 6. Understand the impact of a change in the estimate of the asset 9* 10 Mod life or residual value. 7. Determine which expenditures should be capitalized as asset costs 6* 20 Mod and which should be treated as expenses. 8* 20 Mod 8. Analyze the effect of the disposal of an asset at a gain or loss. 6* 30 Mod 8* 20 Mod 10* 35 Mod 9. Understand the balance sheet presentation of intangible assets. 6# 30 Mod 11* 20 Diff 10. Understand the proper amortization of intangible assets. 4# 15 Mod 6# 30 Mod 9* 10 Mod 11* 20 Mod 11. Explain the impact that longterm assets have on the statement 4 15 Mod of cash flows. 5 40 Diff 10* 35 Mod 11* 20 Diff 12. Understand how investors can analyze a companys operating assets....
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This note was uploaded on 09/28/2008 for the course ACCT 151 taught by Professor Largay during the Spring '07 term at Lehigh University .
 Spring '07
 Largay
 Financial Accounting, Balance Sheet

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