FinMan10e_ABSol_ch09

FinMan10e_ABSol_ch09 - Principles and Terminology 1. Land...

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ACHIEVEMENT TEST SOLUTIONS—CHAPTER 9 TEST 9A Fill-in-the-Blank Principles and Terminology 1. asset cost 2. useful life 3. salvage value 4. capital expenditures 5. net book value 6. intangible assets 7. Land Improvements 8. Land 9. Land 10. Repair Expense 11. Machinery and Equipment 12. Repair Expense 13. Machinery and Equipment 14. intangible asset 15. Depletion Problem 1 Problems 1. $40,000 L 2. $10,000 G 3. $60,000 G 4. $20,000 5. $110,000 6. $220,000 7. $55,000 8. $132,000 9. $110,000 10. $79,200 11. $60,500 Problem 2 Analysis of Transactions Debit Credit 1. K 2. I 3. N 4. E 5. L 6. C 7. C, J 8. G 9. C, E 10. G, H 11. A, C, J 12. G 13. F 14. B TEST 9B Fill-in-the-Blank
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Unformatted text preview: Principles and Terminology 1. Land 2. Land Improvements 3. Land 4. Land 5. yes 6. yes 7. no 8. fixed assets 9. double declining-balance 10. amortization 11. capital expenditures 12. depletion 13. Other Expenses 14. property, plant, and equipment 15. 70 Problem 1 Problems 1. $50,000 2. $100,000 3. $80,000 4. $50,000 5. $50,000 6. $80,000 7. $50,000 8. $25,000 9. $40,000 10. $25,000 11. $10,000 G Problem 2 Analysis of Transactions Debit Credit 1. A, C, H 2. E 3. A, C 4. E, F 5. A, H 6. E 7. B 8. I 9. G 10. C 11. D 12. A 13. I 14. C...
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