CH10 - CHAPTER 10 Plant Assets, Natural Resources, and...

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CHAPTER 10 Plant Assets, Natural Resources, and Intangible Assets ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises Problems Alternate Problems 1. Describe the applica- tion of the cost principle to plant assets. 1, 2, 3 1, 2 1, 2 1 1 2. Explain the concept of depreciation. 4, 5 3. Compute periodic de- preciation using differ- ent methods. 6, 7 3, 4, 5 3, 4, 5 2, 3 2, 3 4. Describe the procedure for revising periodic depreciation. 8 6 5 3 3 5. Distinguish between revenue and capital ex- penditures and explain the entries for these expenditures. 9 6. Explain how to account for the disposal of a plant asset through re- tirement, sale, or ex- change. 10, 11, 12, 13, 14 7, 8, 9, 10 6, 7, 8, 9 4, 5 4, 5 7. Identify the basic ac- counting issues related to natural resources. 15, 16 11 10 8. Contrast the accounting for intangible assets with the accounting for plant assets. 17, 18, 19, 20, 21, 22 12 11, 12 6, 7 6, 7 10-1
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ASSIGNMENT CLASSIFICATION TABLE (Continued) Study Objectives Questions Brief Exercises Exercises Problems Alternate Problems 9. Indicate how plant as- sets, natural resources, and intangible assets are reported and ana- lyzed. 23 13, 14 4, 6 4, 6 10-2
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ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1 Determine acquisition costs of land and buildings. Simple 20-30 2 Compute depreciation under different methods. Simple 30-40 3 Compute depreciation under different methods. Moderate 30-40 4 Journalize a series of equipment transactions related to purchase, sale, retirement, and depreciation. Moderate 40-50 5 Journalize a series of transactions related to disposals of plant assets. Simple 30-40 6 Prepare entries to record transactions related to acquisition and amortization of intangibles; prepare the intangible asset section. Moderate 30-40 7 Prepare entries to correct errors made in recording and amortizing intangible assets. Moderate 30-40 1A Determine acquisition costs of land and buildings. Simple 20-30 2A Compute depreciation under different methods. Simple 30-40 3A Compute depreciation under different methods. Moderate 30-40 4A Journalize a series of equipment transactions related to purchase, sale, retirement, and depreciation. Moderate 40-50 5A Journalize a series of transactions related to disposals of plant assets. Simple 30-40 6A Prepare entries to record transactions related to acquisition and amortization of intangibles; prepare the intangible asset section. Moderate 30-40 7A Prepare entries to correct errors made in recording and amortizing intangible assets. Moderate 30-40
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Correlation Chart between Bloom's Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Compreh ension Applicat ion Analysis Synthesis Evaluation 1. Describe the application of the cost principle to plant assets. Q10-1
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This note was uploaded on 04/20/2010 for the course ACC 363 $21 taught by Professor Mr.someone during the Spring '06 term at University of Phoenix.

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CH10 - CHAPTER 10 Plant Assets, Natural Resources, and...

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