chapter_10 - CHAPTER 10 Plant Assets, Natural Resources,...

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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 1A 1B 2. Explain the concept of depreciation. 4, 5 3. Compute periodic depreciation using different methods. 6, 7, 22 3, 4, 5, 6 3, 4, 5 2A, 3A, 4A 2B, 3B, 4B 4. Describe the procedure for revising periodic depreciation. 87 5 4 A 4 B 5. Distinguish between revenue and capital expenditures and explain the entries for these expenditures. 9, 19, 24 6. Explain how to account for the disposal of a plant asset. 10, 11 8, 9 6 5A, 6A 5B, 6B 7. Compute periodic depletion of natural resources. 12, 13 10 7 8. Explain the basic issues related to accounting for intangible assets. 14, 15, 16, 17, 18 11 8, 9 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 as- sets, natural resources, and intangible assets are reported and analyzed. 20, 21, 23 12, 13 10 5A, 7A, 9A 5B, 7B, 9B *10. Explain how to account for the exchange of plant assets. 25, 26, 27 14, 15 11, 12, 13
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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 acqui- sition and amortization of intangibles; prepare the intan- gible 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 10-20 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 acqui- sition and amortization of intangibles; prepare the intan- gible 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 10-20
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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. Describe how the cost princi- ple applies to plant assets. Q10-1 Q10-2 Q10-3 E10-1 P10-1A P10-1B BE10-1 BE10-2 E10-2 2. Explain the concept of depreciation. Q10-5 Q10-4 3.
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This note was uploaded on 11/25/2010 for the course ACCT 212 taught by Professor Luna during the Spring '09 term at DeAnza College.

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chapter_10 - CHAPTER 10 Plant Assets, Natural Resources,...

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