CHAPTER 10 - CHAPTER 10 Accounting for Property, Plant, and...

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Unformatted text preview: CHAPTER 10 Accounting for Property, Plant, and Equipment ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems 1. Valuation and classification of land, buildings, and equipment. 1, 2, 3, 4, 6, 7, 10, 11 1, 2 1, 2, 3, 4, 5, 6, 8 1, 2, 11* 2. Self-constructed assets, capitalization of overhead. 5, 8, 26, 27 4, 5, 7 3 3. Capitalization of interest. 8, 9, 30* 4, 26*, 27* 11*, 12*, 13* 4. Lump-sum purchases, issuance of stock. 2, 3, 10 3, 4 3, 5, 6, 7, 8 1, 4, 11 5. Costs subsequent to acquisition. 14, 24, 25, 28 5 9, 10, 11 6. Depreciation methods. 15, 16, 17, 18 12, 13, 15, 16 5, 6, 7, 11* 7. Computation of Depreciation. 19, 20 6, 7, 8, 9, 10 12, 14, 15, 16, 17, 18, 19, 20 5, 6, 7, 11* 8. Change in estimate, partial periods. 21, 22 14, 17, 18, 19, 20 5, 6, 11* 9. Disposition of assets. 29 11, 12 24, 25 10 10. Exchanges. 14, 23 13, 14, 15, 16 6, 21, 22, 23 4, 8, 9 11. Reporting and Analysis. 17 26 *This material is covered in the appendix. ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Brief Exercises Exercises Problems 1. Describe property, plant, and equipment and costs to include in its initial valuation. 1 7, 8 1, 2, 3, 12 2. Describe the accounting problems associated with interest capitalization. 2 12* 3. Understand the accounting issues related to acquiring and valuing plant assets. 2, 3, 4 1, 2, 3, 4, 5, 6, 7, 8 1, 2, 3, 4, 11 4. Describe the accounting treatment for costs subsequent to acquisition. 5 9, 10, 11, 19, 20 5. Explain the concept of depreciation. 13 6. Identify the factors involved in the depreciation process. 6, 7, 8, 9, 10, 11, 12 12, 13, 14, 15, 16, 17, 18, 19, 20 5, 6, 7, 11* 7. Compare activity, straight-line, and decreasing charge methods of depreciation. 6, 7, 8, 9, 10, 11, 12 12, 13, 14, 15, 16, 17, 18, 19, 20 5, 6, 7, 11 8. Describe the accounting treatment for the disposal of property, plant, and equipment. 12, 13, 14, 15, 16 6, 21, 22, 23, 24, 25 1, 4, 8, 9, 10 9. Explain how to report and analyze property; plant, equipment. 17 26 *10. Understand the procedures for determining capitalized interest amounts. 27, 28 11, 12, 13 ASSIGNMENT CHARACTERISTICS TABLE Item Description Level of Difficulty Time (minutes) E10-1 Acquisition costs of realty. Moderate 1520 E10-2 Acquisition costs of realty. Simple 1015 E10-3 Acquisition costs of trucks. Simple 1015 E10-4 Treatment of various costs. Moderate 3040 E10-5 Correction of improper cost entries. Moderate 1520 E10-6 Entries for equipment acquisitions. Simple 1015 E10-7 Entries for asset acquisition, including self-construction. Simple 1520 E10-8 Entries for acquisition of assets. Simple 2025 E10-9 Analysis of subsequent expenditures. Moderate 2025 E10-10 Analysis of subsequent expenditures. Simple 1520 E10-11 Analysis of subsequent expenditures. Simple 2025 E10-12 Depreciation computationsSL, SYD, DDB. Simple 1520 E10-13 Depreciationconceptual understanding. Moderate...
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CHAPTER 10 - CHAPTER 10 Accounting for Property, Plant, and...

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