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NBJ11e_SM_ch10 - CHAPTER10 PROPERTY,PLANT,ANDEQUIPMENT:...

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CHAPTER 10 PROPERTY, PLANT, AND EQUIPMENT:  ACQUISITION AND DISPOSAL CONTENT ANALYSIS OF EXERCISES AND PROBLEMS Number Content Time Range (minutes) E10-1 Determination of Cost .  (Moderate) Analysis of numerous items to  determine whether or not to include in property, plant, and  equipment.   5-10 E10-2 Property, Plant, and Equipment .  (Moderate) Analysis of various  items for potential balance sheet inclusion.   5-10 E10-3 Acquisition Costs .  (Easy) Compute total acquisition costs of machine  and prepare journal entry to record.   5-10 E10-4 Acquisition Cost .  (Moderate) Journal entry to record acquisition.  Analysis of entry if price not available. 10-15 E10-5 (AICPA adapted).  Acquisition Cost .  (Easy) Determination of cost  and journal entry to record acquisition.   5-15 E10-6 (AICPA adapted).  Acquisition of Land and Building .  (Easy)  Computation of land and new building cost. 10-15 E10-7 Lump Sum Purchase .  (Easy) Cost assigned to land, buildings, and  equipment. 10-15 E10-8 Exchange of Assets .  (Moderate) No cash.  Journal entries. 10-15 E10-9 Exchange of Assets .  (Moderate) Cash, gain, and loss.  Journal  entries. 10-15 E10-10 Exchange of Assets .  (Moderate) Cash, gain, and loss.  Journal  entries.  10-15 E10-11 Exchange of Assets .  (Moderate) No cash.  Journal entries. 10-15 E10-12 Exchange of Assets .  (Moderate) Cash, gain, and loss.  Journal  entries. 10-15 10-1
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E10-13 (AICPA adapted).  Exchange of Assets .  (Easy) Determination of  amount to be shown in the accounting records.   5-10 10-2
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Number Content Time Range (minutes) E10-14 Self-Construction .  (Moderate) Determination of amount to be  capitalized.  Evaluation under differing outside contractor's bids. 10-15 E10-15 Donation .  (Easy) Journal entry to record acquisition.  Financial  statement disclosure.  Time differences for passage of title. 10-20 E10-16 Interest During Construction .  (Easy) Compilation of amount to be  capitalized.  Financial statement disclosure.   5-15 E10-17 Interest During Construction .  (Easy) Compute amount of capitalized  interest and interest revenue.   5-15 E10-18 Expenditures .  (Moderate) Capital vs. operating.  Classification of  various items. IFRS differences.   5-15 E10-19 (Appendix ). Oil and Gas Accounting .  (Moderate) Successful efforts,  full-cost methods.  Determination of expense and balance sheet  value. 10-20 P10-1 Acquisition Costs .  (Challenging) Reclassification of erroneously  recorded items.  Journal entries. 20-30 P10-2 Costs Subsequent to Acquisition .  (Challenging) Adjusting entries to  correct the books from improperly recorded costs.  Acquisition, legal  fees, insurance, additions, repairs.
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