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, 3 1A 1B 2. Explain the concept of depreciation. 4, 5 4 3. Compute periodic depreciation using different methods. 6, 7, 22 3, 4, 5, 6 5, 6, 7 2A, 3A, 4A, 5A 2B, 3B, 4B, 5B 4. Describe the procedure for revising periodic depreciation. 8 7 8 4A 4B 5. Distinguish between revenue and capital expenditures, and explain the entries for each. 9, 24 8 6. Explain how to account for the disposal of a plant asset. 10, 11 9, 10 9, 10 5A, 6A 5B, 6B 7. Compute periodic depletion of natural resources. 12, 13 11 11 8. Explain the basic issues related to accounting for intangible assets. 14, 15, 16, 17, 18, 19 12 12, 13 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 intangible assets are reported. 20, 21, 23 13, 14 14 5A, 7A, 9A 5B, 7B, 9B *10. Explain how to account for the exchange of plant assets. 25, 26 15, 16 15, 16
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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 acquisition 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 5–10 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 acquisition 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. Moderate 30–40 9B Calculate and comment on asset turnover ratio. Moderate 5–10
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BLOOM’S TAXONOMY TABLE 10-4 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation 1.
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