Weyg_Finl_Ch10_SM_Final - 2009 For Instructor Use Only 10-1...

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Unformatted text preview: 2009 For Instructor Use Only 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, 4A 1B, 4B 2. Explain the concept of depreciation. 4, 5 3. Compute periodic depreciation using different methods. 6, 7, 22 3, 4, 5 4, 5, 6 2A, 3A, 4A 2B, 3B, 4B 4. Describe the procedure for revising periodic depreciation. 8 6 7 3A 3B 5. Distinguish between revenue and capital expenditures, and explain the entries for each. 9, 24 7 6. Explain how to account for the disposal of a plant asset. 10, 11 8, 9 8, 9 4A, 5A 4B, 5B 7. Compute periodic depletion of natural resources. 12, 13 10 10 8. Explain the basic issues related to accounting for intangible assets. 14, 15, 16, 17, 18, 19 11 11, 12 6A, 7A 6B, 7B 9. Indicate how plant assets, natural resources, and intan- gible assets are reported. 12, 13 13 4A, 6A, 8A 4B, 6B, 8B *10. Explain how to account for the exchange of plant as- sets. 14, 15 14, 15 2009 For Instructor Use Only 10-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Determine acquisition costs of land and building. Simple 2030 2A Compute depreciation under different methods. Moderate 3040 3A Calculate revisions to depreciation expense. Moderate 2030 4A Journalize a series of equipment transactions related to purchase, sale, retirement, and depreciation. Moderate 4050 5A Record disposals. Simple 3040 6A Prepare entries to record transactions related to acquisition and amortization of intangibles; prepare the intangible assets section. Moderate 3040 7A Prepare entries to correct errors made in recording and amortizing intangible assets. Moderate 3040 8A Calculate and comment on asset turnover ratio. Moderate 510 1B Determine acquisition costs of land and building. Simple 2030 2B Compute depreciation under different methods. Simple 3040 3B Calculate revisions to depreciation expense. Moderate 2030 4B Journalize a series of equipment transactions related to purchase, sale, retirement, and depreciation. Moderate 4050 5B Record disposals. Simple 3040 6B Prepare entries to record transactions related to acquisition and amortization of intangibles; prepare the intangible assets section. Moderate 3040 7B Prepare entries to correct errors made in recording and amortizing intangible assets. Moderate 3040 8B Calculate and comment on asset turnover ratio. Moderate 510 2009 For Instructor Use Only 10-3 B L O O M S T A X O N O M Y T A B L E 2 9 F o r In s t r u c to r U s e O n ly 1- 4 Correlation Chart between Blooms Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation 1. Describe how the cost principle applies to plant assets....
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Weyg_Finl_Ch10_SM_Final - 2009 For Instructor Use Only 10-1...

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