Ch10 - CHAPTER 10 ACQUISITION OF PROPERTY PLANT AND...

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Unformatted text preview: CHAPTER 10 ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT ASSIGNMENT CLASSIFICATION TABLE Topics Brief Exercises Exercises Problems Writing Assignment 1. Valuation, classification of land, buildings, and equipment. 1 1, 2, 3, 4, 9, 10, 12 1, 2, 3, 4, 5, 12 1, 5 2. Self-constructed assets. 2 3, 4, 5, 10 1, 3, 4, 11 2 3. Valuation of natural resources. 3, 4 6, 7 6 4. Exchanges of assets: 10, 11, 12 8, 9, 11, 16, 17, 18, 19 5, 9, 10, 12 4 5. Lump-sum purchases, issuance of shares, deferred payment contracts. 5, 6, 7, 8, 9 5, 8, 9, 10, 11, 12, 13, 14, 15 1, 3, 5, 6, 12 1 6. Contributions of assets, government grants 13, 14, 15 3, 4, 5, 10, 20 4, 12 7. Costs subsequent to acquisition. 16 21, 22, 23 5, 13 8. * Interest capitalization.* 17, 18, 19 8, 24, 25 7, 8 * This material is covered in an Appendix to the chapter. ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E10-1 Acquisition costs of realty. Moderate 15-20 E10-2 Acquisition costs of realty. Simple 10-15 E10-3 Purchase and self-constructed cost of assets with government grants. Moderate 20-25 E10-4 Treatment of various costs. Moderate 30-40 E10-5 Entries for asset acquisition, including self-construction. Simple 15-20 E10-6 Natural Resource - Minerals. Moderate 15-25 E10-7 Natural Resource - Oil Simple 10-15 E10-8 Asset acquisition Moderate 25-35 E10-9 Acquisition cost of truck. Simple 10-15 E10-10 Correction of improper cost entries. Moderate 15-25 E10-11 Entries for equipment acquisitions. Simple 15-20 E10-12 Entries for acquisition of assets. Simple 20-25 E10-13 Purchase of equipment with noninterest- bearing debt. Moderate 15-20 E10-14 Purchase of computer with noninterest- bearing debt. Moderate 15-20 E10-15 Purchase of equipment with noninterest- bearing debt Moderate 15-20 E10-16 Monetary exchange with boot. Moderate 15-20 E10-17 Nonmonetary exchange with boot. Moderate 20-25 E10-18 Nonmonetary exchange with boot. Moderate 15-20 E10-19 Nonmonetary exchanges Simple 10-15 E10-20 Government assistance. Simple 10-15 E10-21 Analysis of subsequent expenditures Moderate 20-25 E10-22 Analysis of subsequent expenditures. Simple 15-20 E10-23 Analysis of subsequent expenditures. Simple 10-15 *E10-24 Capitalization of interest. Moderate 20-25 *E10-25 Capitalization of interest. Moderate 20-25 P10-1 Classification of acquisition and other asset costs. Moderate 35-40 P10-2 Classification of acquisition costs. Moderate 40-55 P10-3 Classification of land and building costs. Moderate 35-45 P10-4 Classification of costs and interest capitalization. Moderate 30-35 P10-5 Acquisition costs and costs subsequent to acquisition Moderate 30-40 P10-6 Natural resources: full cost versus successful efforts method....
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This note was uploaded on 11/07/2010 for the course ACCT 1000 taught by Professor Curtis during the Spring '06 term at British Columbia Institute of Technology.

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Ch10 - CHAPTER 10 ACQUISITION OF PROPERTY PLANT AND...

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