ch10 - CHAPTER 10 Plant Assets, Natural Resources, and...

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10-1 CHAPTER 10 Plant Assets, Natural Resources, and Intangible Assets ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Describe how the cost principle applies to plant assets. 1, 2, 3 1, 2 1, 2 1A 1B 2. Explain the concept of depreciation. 4, 5 3. Compute periodic depreciation using different methods. 6, 7, 22 3, 4, 5, 6 3, 4 2A, 3A, 4A 2B, 3B, 4B 4. Describe the procedure for revising periodic depreciation. 87 5 4 A 4 B 5. Distinguish between revenue and capital expenditures, and explain the entries for these expenditures. 9, 24 6. Explain how to account for the disposal of a plant asset. 10, 11 8, 9 6 5A, 6A 5B, 6B 7. Compute periodic depletion of natural resources. 12, 13 10 7 8. Explain the basic issues related to accounting for intangible assets. 14, 15, 16, 17, 18, 19 11 8, 9 7A, 8A 7B, 8B
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10-2 ASSIGNMENT CLASSIFICATION TABLE (Continued) Study Objectives Questions Brief Exercises Exercises A Problems B Problems 9. Indicate how plant assets, natural resources, and intangi- ble assets are reported and analyzed. 20, 21, 23 12, 13 10 5A, 7A, 9A 5B, 7B, 9B *10. Explain how to account for the exchange of plant assets. 25, 26, 27 14, 15 11, 12, 13 * Note: All asterisked Questions, Exercises, and Problems relate to material contained in the appendix * to the chapter.
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10-3 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Determine acquisition costs of land and building. Simple 20 30 2A Compute depreciation under different methods. Simple 30 40 3A Compute depreciation under different methods. Moderate 30 40 4A Calculate revisions to depreciation expense. Moderate 20 30 5A Journalize a series of equipment transactions related to purchase, sale, retirement, and depreciation. Moderate 40 50 6A Record disposals. Simple 30 40 7A Prepare entries to record transactions related to acquisi- tion and amortization of intangibles; prepare the intangible assets section. Moderate 30 40 8A Prepare entries to correct errors made in recording and amortizing intangible assets. Moderate 30 40 9A Calculate and comment on asset turnover ratio. Moderate 10 20 1B Determine acquisition costs of land and building. Simple 20 30 2B Compute depreciation under different methods. Simple 30 40 3B Compute depreciation under different methods. Moderate 30 40 4B Calculate revisions to depreciation expense. Moderate 20 30 5B Journalize a series of equipment transactions related to purchase, sale, retirement, and depreciation. Moderate 40 50 6B Record disposals. Simple 30 40 7B Prepare entries to record transactions related to acquisi- tion and amortization of intangibles; prepare the intangible assets section. Moderate 30 40 8B Prepare entries to correct errors made in recording and amortizing intangible assets.
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This note was uploaded on 10/29/2009 for the course ACC ACC 363 taught by Professor Mariaburgos during the Spring '09 term at University of Phoenix.

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ch10 - CHAPTER 10 Plant Assets, Natural Resources, and...

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