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Ch10 HW Solutions - CHAPTER 10 Acquisition and Disposition...

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CHAPTER 10 Acquisition and Disposition of Property, Plant, and Equipment ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics Questions Brief Exercises Exercises Problems Concepts for Analysis 1. Valuation and classification of land, buildings, and equipment. 1, 2, 3, 4, 6, 7, 12, 13, 18 1 1, 2, 3, 4, 5, 13 1, 2, 3, 5 1, 6, 7 2. Self-constructed assets, capitalization of overhead. 5, 8, 20, 21 4, 6, 12 2 3. Capitalization of interest. 7, 9, 10, 13, 18 2, 3, 4 4, 5, 7, 8, 9, 10, 16 1, 5, 6, 7 3, 4 4. Exchanges of assets 12, 16, 17 8, 9, 10, 11, 12 3, 11, 16, 17, 18, 19, 20 4, 8, 9, 10, 11 5 5. Lump-sum purchases, issuance of stock, deferred payment contracts. 12, 14, 15 6, 7 3, 6, 11, 12, 13, 14, 15, 16 1, 11 6. Costs subsequent to acquisition. 16, 18, 19, 22 13 21, 22, 23 1 7. Alternative valuations. 23 5 3 8. Disposition of assets. 24 14, 15 24, 25 4 1 10-1
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ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives Bri ef Exerci ses Exerci ses Prob lems 1. Describe property, plant, and equipment. 2. Identify the costs to include in initial valuation of property, plant, and equipment. 1 1, 2, 3, 4, 5, 11, 12, 13 1, 2, 3, 4, 5, 6, 11 3. Describe the accounting problems associated with self-constructed assets. 4, 5, 6, 11, 12 3 4. Describe the accounting problems associated with interest capitalization. 2, 3, 4 5, 6, 7, 8, 9, 10 5, 6, 7, 8, 9, 10, 11 5. Understand the accounting issues related to acquiring and valuing plant assets. 5, 6, 7, 8, 9, 10, 11, 12 11, 12, 13, 14, 15, 16, 17, 18, 19, 20 3, 4 6. Describe the accounting treatment for costs subsequent to acquisition. 13 21, 22, 23, 24 7. Describe the accounting treatment for the disposal of property, plant, and equipment. 14, 15 25 2, 4, 11 10-2
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ASSIGNMENT CHARACTERISTICS TABLE 10-3
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It e m Description Level of Difficu lty Time (minut es) E 10 -1 Acquisition costs of realty. Moder ate 15–20 E 10 -2 Acquisition costs of realty. Simple 10–15 E 10 -3 Acquisition costs of trucks. Simple 10–15 E 10 -4 Purchase and self-constructed cost of assets. Moder ate 20–25 E 10 -5 Treatment of various costs. Moder ate 30–40 E 10 -6 Correction of improper cost entries. Moder ate 15–20 E 10 -7 Capitalization of interest. Moder ate 20–25 E 10 -8 Capitalization of interest. Moder ate 20–25 E 10 -9 Capitalization of interest. Moder ate 20–25 E 10 - 10 Capitalization of interest. Moder ate 20–25 E 10 - 11 Entries for equipment acquisitions. Simple 10–15 E 10 - 12 Entries for asset acquisition, including self-construction. Simple 15–20 E 10 - 13 Entries for acquisition of assets. Simple 20–25 E 10 - 14 Purchase of equipment with zero-interest-bearing debt. Moder ate 15–20 10-4
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E 10 - 15 Purchase of computer with zero-interest-bearing debt. Moder ate 15–20 E 10 - 16 Asset acquisitions. Moder ate 25–35 E 10 - 17 Nonmonetary exchange. Simple 10–15 E 10 - 18 Nonmonetary exchange. Moder ate 20–25 E 10 - 19 Nonmonetary exchange. Moder ate 15–20 E 10 - 20 Nonmonetary exchange. Moder ate 15–20 E 10 - 21 Analysis of subsequent expenditures. Moder ate 20–25 E 10 - 22 Analysis of subsequent expenditures. Simple 15–20 E 10 - 23 Analysis of subsequent expenditures. Simple 20–25 E 10 - 24 Entries for disposition of assets. Moder ate 20–25 E 10 - 25 Disposition of assets. Simple 15–20 P 10 -1 Classification of acquisition and other asset costs. Moder ate 35–40 P 10 -2 Classification of acquisition costs.
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