ch10bb - CHAPTER 10 Accounting for Property Plant and...

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Unformatted text preview: CHAPTER 10 Accounting for Property, Plant, and Equipment ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems 1. Valuation and classification of land, buildings, and equipment. 1, 2, 3, 4, 6, 7, 10, 11 1, 2 1, 2, 3, 4, 5, 6, 8 1, 2, 11* 2. Self-constructed assets, capitalization of overhead. 5, 8, 26, 27 4, 5, 7 3 3. Capitalization of interest. 8, 9, 30* 4, 26*, 27* 11*, 12*, 13* 4. Lump-sum purchases, issuance of stock. 2, 3, 10 3, 4 3, 5, 6, 7, 8 1, 4, 11 5. Costs subsequent to acquisition. 14, 24, 25, 28 5 9, 10, 11 6. Depreciation methods. 15, 16, 17, 18 12, 13, 15, 16 5, 6, 7, 11* 7. Computation of Depreciation. 19, 20 6, 7, 8, 9, 10 12, 14, 15, 16, 17, 18, 19, 20 5, 6, 7, 11* 8. Change in estimate, partial periods. 21, 22 14, 17, 18, 19, 20 5, 6, 11* 9. Disposition of assets. 29 11, 12 24, 25 10 10. Exchanges. 14, 23 13, 14, 15, 16 6, 21, 22, 23 4, 8, 9 11. Reporting and Analysis. 17 26 *This material is covered in the appendix. 10-1 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 1. Describe property, plant, and equipment and costs to include in its initial valuation. 1 7, 8 1, 2, 3, 12 2. Describe the accounting problems associated with interest capitalization. 2 12* 3. Understand the accounting issues related to acquiring and valuing plant assets. 2, 3, 4 1, 2, 3, 4, 5, 6, 7, 8 1, 2, 3, 4, 11 4. Describe the accounting treatment for costs subsequent to acquisition. 5 9, 10, 11, 19, 20 5. Explain the concept of depreciation. 13 6. Identify the factors involved in the depreciation process. 6, 7, 8, 9, 10, 11, 12 12, 13, 14, 15, 16, 17, 18, 19, 20 5, 6, 7, 11* 7. Compare activity, straight-line, and decreasing charge methods of depreciation. 6, 7, 8, 9, 10, 11, 12 12, 13, 14, 15, 16, 17, 18, 19, 20 5, 6, 7, 11 8. Describe the accounting treatment for the disposal of property, plant, and equipment. 12, 13, 14, 15, 16 6, 21, 22, 23, 24, 25 1, 4, 8, 9, 10 9. Explain how to report and analyze property; plant, equipment. 17 26 *10. Understand the procedures for determining capitalized interest amounts. 27, 28 11, 12, 13 10-2 ASSIGNMENT CHARACTERISTICS TABLE 10-3 It e m Description Level of Diffic ulty Time (minu tes) E10-1 Acquisition costs of realty. Moder ate 15–20 E10-2 Acquisition costs of realty. Simpl e 10–15 E10-3 Acquisition costs of trucks. Simpl e 10–15 E10-4 Treatment of various costs. Moder ate 30–40 E10-5 Correction of improper cost entries. Moder ate 15–20 E10-6 Entries for equipment acquisitions. Simpl e 10–15 E10-7 Entries for asset acquisition, including self-construction. Simpl e 15–20 E10-8 Entries for acquisition of assets. Simpl e 20–25 E10-9 Analysis of subsequent expenditures. Moder ate 20–25 E10-10 Analysis of subsequent expenditures. Simpl e 15–20 E10-11 Analysis of subsequent expenditures. Simpl e 20–25 E10-12 Depreciation computations—SL, SYD, DDB. Simpl e 15–20 E10-13 Depreciation—conceptual understanding.Depreciation—conceptual understanding....
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This note was uploaded on 02/09/2010 for the course BUS 101 taught by Professor Noname during the Spring '10 term at KCTCS.

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ch10bb - CHAPTER 10 Accounting for Property Plant and...

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