Ch 10 Answers to Int. Accounting Kieso

Ch 10 Answers to Int. Accounting Kieso - 10-1 CHAPTER 10...

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Unformatted text preview: 10-1 CHAPTER 10 Acquisition and Disposition of Property, Plant, and Equipment ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) 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 10-2 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 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 10-3 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E10-1 Acquisition costs of realty. Moderate 15–20 E10-2 Acquisition costs of realty. Simple 10–15 E10-3 Acquisition costs of trucks. Simple 10–15 E10-4 Purchase and self-constructed cost of assets. Moderate 20–25 E10-5 Treatment of various costs. Moderate 30–40 E10-6 Correction of improper cost entries. Moderate 15–20 E10-7 Capitalization of interest. Moderate 20–25 E10-8 Capitalization of interest. Moderate 20–25 E10-9 Capitalization of interest. Moderate 20–25 E10-10 Capitalization of interest. Moderate 20–25 E10-11 Entries for equipment acquisitions. Simple 10–15 E10-12 Entries for asset acquisition, including self-construction. Simple 15–20 E10-13 Entries for acquisition of assets. Simple 20–25 E10-14 Purchase of equipment with zero-interest-bearing debt. Moderate 15–20 E10-15 Purchase of computer with zero-interest-bearing debt. Moderate 15–20 E10-16 Asset acquisitions. Moderate 25–35 E10-17 Nonmonetary exchange. Simple 10–15 E10-18 Nonmonetary exchange. Moderate 20–25 E10-19 Nonmonetary exchange. Moderate 15–20 E10-20 Nonmonetary exchange. Moderate 15–20 E10-21 Analysis of subsequent expenditures. Analysis of subsequent expenditures....
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This note was uploaded on 09/09/2009 for the course ACCTG 321 taught by Professor Will during the Spring '08 term at San Diego State.

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Ch 10 Answers to Int. Accounting Kieso - 10-1 CHAPTER 10...

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