《怀尔德《会计学原理》19版答案 (9).pdf》由会员分享，可在线阅读，更多相关《怀尔德《会计学原理》19版答案 (9).pdf（15页珍藏版）》请在金锄头文库上搜索。
1、Chapter 10 Plant Assets, Natural Resources, and Intangibles QUICK STUDIES Quick Study 10-1 (10 minutes) Recorded cost = $350,000 + $10,000 + $4,000 + $21,000 = $385,000 Note: The $4,200 repair charge is an expense because it is not a normal and reasonable expenditure necessary to get the asset in pl
2、ace and ready for its intended use. Q uick Study 10-2 (10 minutes) 1. The main difference between plant assets and current assets is that current assets are consumed or converted into cash within a short period of time, while plant assets have a useful life of more than one accounting period. 2. The
3、 main difference between plant assets and inventory is that inventory is held for resale and plant assets are not. 3. The main difference between plant assets and long-term investments is that plant assets are used in the primary operation of the business and investments are not. Quick Study 10-3 (1
4、0 minutes) Straight-line depreciation ($32,500 - $2,500) / 4 years = $7,500 depreciation per year McGraw-Hill Companies, 2009 Solutions Manual, Chapter 10 563 hawai Quick Study 10-4 (10 minutes) Units-of-production depreciation ($32,500 - $2,500) / 200 concerts = $ 150 depreciation per concert x 47
5、concerts in 2009 $7,050 depreciation in 2009 Q uick Study 10-5 (10 minutes) $32,500 Cost - 7,500Accumulated depreciation (first year) 25,000 Book value at point of revision - 2,500Salvage value 22,500 Remaining depreciable cost 2Years of life remaining $11,250 Depreciation per year for years 2 and 3
6、 Q uick Study 10-6 (10 minutes) N ote: Double-declining-balance rate = (100% / 8 years) x 2 = 25% First year: $1,200,000 x 25% = $300,000 Second year: ($1,200,000 - $300,000) x 25% = $225,000 Third year: ($1,200,000 - $300,000 - $225,000) x 25% = $168,750* * Total accumulated depreciation of $693,75
7、0 ($300,000 + $225,000 + $168,750) does not exceed the depreciable cost of $1,100,000 ($1,200,000 - $100,000). Q uick Study 10-7 (10 minutes) 1. (a) Capital expenditure (b) Revenue expenditure (c) Revenue expenditure (d) Capital expenditure McGraw-Hill Companies, 2009 Fundamental Accounting Principl
8、es, 19th Edition 564 2. (a) Equipment .40,000 Cash. 40,000 To record replacement of compressor. (d) Building.225,000 Cash. 225,000 To record addition to building. Q uick Study 10-8 (15 minutes) Book value of old machine = $92,500 - $54,000 = $38,500 1. Cash.42,000 Accumulated depreciation.54,000 Equ
9、ipment . 92,500 Gain on sale of equipment*. 3,500 To record the sale of equipment. *(Gain = $42,000 - $38,500) 2. Cash.38,500 Accumulated depreciation.54,000 Equipment . 92,500 To record the sale of equipment. 3. Cash.31,000 Accumulated depreciation.54,000 Loss on sale of equipment.7,500 Equipment .
10、 92,500 To record the sale of equipment. *(Loss = $31,000 - $38,500) Q uick Study 10-9 (10 minutes) 1. Ore Mine. 6,800,000 Cash . 6,800,000 To record cost of ore mine. ($6,300,000 + $500,000) 2. Depletion per unit = = $5.90 per ton $6,800,000 - $9 0,0000 1,000,000 tons Depletion ExpenseOre Mine. 737
11、,500 Accumulated DepletionOre Mine. 737,500 To record depletion of ore mine (125,000 x $5.90). McGraw-Hill Companies, 2009 Solutions Manual, Chapter 10 565 Q uick Study 10-10 (10 minutes) I ntangible Assets: b) Trademark c) Leasehold f) Copyright g) Franchise N atural Resources: a) Oil well d) Gold mine h) Timberland Note: Building is reported under plant assets. Q uick Study 10-11 (10 minutes) 1. Jan. 4 Leasehold Improvements. 275,000 Cash. 275,000 To record leasehold improvements. 2. Dec. 31 Amortization ExpenseLeasehold Improvements .34,375 Accumulated AmortizationLeasehold Improvements.
