财务会计导读版第19版书答案 Chp10Word文件下载.docx
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财务会计导读版第19版书答案 Chp10Word文件下载.docx
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QuickStudy10-6(10minutes)
Double-declining-balancerate=(100%/8years)x2=25%
Firstyear:
$1,200,000x25%=$300,000
Secondyear:
($1,200,000-$300,000)x25%=$225,000
Thirdyear:
($1,200,000-$300,000-$225,000)x25%=$168,750*
*Totalaccumulateddepreciationof$693,750($300,000+$225,000+$168,750)doesnotexceedthedepreciablecostof$1,100,000($1,200,000-$100,000).
QuickStudy10-7(10minutes)
1.(a)Capitalexpenditure
(b)Revenueexpenditure
(c)Revenueexpenditure
(d)Capitalexpenditure
2.
(a)Equipment
40,000
Cash
Torecordreplacementofcompressor.
(d)Building
225,000
Torecordadditiontobuilding.
QuickStudy10-8(15minutes)
Bookvalueofoldmachine=$92,500-$54,000=$38,500
1.
Cash
42,000
Accumulateddepreciation
54,000
Equipment
92,500
Gainonsaleofequipment*
3,500
Torecordthesaleofequipment.
*(Gain=$42,000-$38,500)
38,500
3.
31,000
Lossonsaleofequipment
7,500
*(Loss=$31,000-$38,500)
QuickStudy10-9(10minutes)
OreMine
6,800,000
Cash
Torecordcostoforemine.($6,300,000+$500,000)
2.
Depletionperunit==$5.90perton
DepletionExpense—OreMine
737,500
AccumulatedDepletion—OreMine
Torecorddepletionoforemine(125,000x$5.90).
QuickStudy10-10(10minutes)
IntangibleAssets:
b)Trademarkc)Leaseholdf)Copyrightg)Franchise
NaturalResources:
a)Oilwelld)Goldmineh)Timberland
Buildingisreportedunderplantassets.
QuickStudy10-11(10minutes)
Jan.4
LeaseholdImprovements
275,000
Torecordleaseholdimprovements.
Dec.31
AmortizationExpense–LeaseholdImprovements
34,375
AccumulatedAmortization—Leasehold
Improvements
Torecordamortizationofleaseholdover
theremaininglifeofthelease.*
*Amortization=$275,000/8-year-lease-term=$34,375peryear.
QuickStudy10-12(10minutes)
Totalassetturnover==0.88times
($000s)
Interpretation:
Thecompany’sturnoverof0.88timesismarkedlylowerthanitscompetitors’turnoverof2.0.Thiscompanymustperformbetterifitistobesuccessfulinthelongrun.
QuickStudy10-13A(10minutes)
Bookvalueofoldmachine=$84,800-$36,800=$48,000
Machinery(new)
104,000
AccumulatedDepreciation–Machinery(old)
36,800
LossonExchangeofAssets*
4,000
Machinery(old)
84,800
60,000
Torecordassetexchangeassumingcommercialsubstance.*$104,000–($48,000+$60,000)=$(4,000)
Machinery(new)*
92,000
44,000
Torecordassetexchangeassuminglackofcommercialsubstance.
*Bookvalueofoldasset+Cashgiven=$48,000+$44,000
EXERCISES
Exercise10-2(15minutes)
Costofland
Purchasepriceforland
$209,000
Purchasepriceforoldbuilding
104,000
Demolitioncostsforoldbuilding
40,400
Coststofillandlevellot
59,722
Totalcostofland
$413,122
Costofnewbuildingandlandimprovements
Costofnewbuilding
$1,564,400
Costoflandimprovements
98,750
Totalconstructioncosts
$1,663,150
Journalentry
Land
413,122
LandImprovements
98,750
Building
1,564,400
2,076,272
Torecordcostsofplantassets.
Exercise10-3(20minutes)
Purchaseprice
$404,000
Closingcosts
21,500
Totalcostofacquisition
$425,500
Allocationoftotalcost
Appraised
Value
Percent
ofTotal
Applying%
toCost
Apportioned
$217,140
47%
$425,500x.47
$199,985
Landimprovements
83,160
18
$425,500x.18
76,590
161,700
35
$425,500x.35
148,925
Totals
$462,000
100%
Land
199,985
LandImprovements
Building
148,925
425,500
Torecordcostsoflump-sumpurchase.
Exercise10-4(15minutes)
Straight-linedepreciation:
($102,000-$21,000)/5years=$16,200peryear
Year
AnnualDepreciation
Year-EndBookValue
2009
$16,200
$85,800
2010
16,200
69,600
2011
53,400
2012
37,200
2013
16,200
21,000
Total
$81,000
Exercise10-5(20minutes)
Double-declining-balancedepreciation
Depreciationrate:
(100%/5years)x2=20%x2=40%
Beginning-Year
BookValue
Depreciation
Rate
Annual
Year-End
$102,000
40%
$40,800
$61,200
61,200
40
24,480
36,720
14,688
22,032
1,032*
--
--
$81,000
*Donotdepreciatemorethan$1,032inthefourthyearbecausethe$21,000salvagevalueisnotsubjecttodepreciation.
Exercise10-6(10minutes)
Straight-line:
($67,000-$4,000)/10years=$6,300
Exercise10-7(10minutes)
Units-of-production:
Depreciationperunit=($67,000-$4,000)/420,000units=$0.15perunit
For29,900unitsinsecondyear:
Depreciation=29,900x$0.15=$4,485
Exercise10-8(15minutes)
Double-declining-balance:
Double-declining-balancerate=(100%/10years)x2=20%peryear
Firstyear’sdepreciation=$67,000x20%=$13,400
Bookvalueatbeginningofsecondyear=$67,000-$13,400=$53,600
Secondyear’sdepreciation=$53,600x20%=$10,720
Exercise10-9(10minutes)
Straight-linedepreciationfor2009
($253,000-$25,300)/5years=$45,540
Exercise10-10(15minutes)
Double-declining-balancedepreciationfor2009
Rate=(100%/5years)x2=40%
2008depreciation($253,000x40%x9/12)
$75,900
BookvalueatJanuary1,2009($253,000-$75,900)
$177,100
Depreciationfor2009($177,100x40%)
$70,840
Alternatecalculation
2009depreciation
$253,000x40%x3/12
$25,300
($253,000-$75,900-$25,300)x40%x9/12
45,540
Total2009depreciation
Exercise10-11(15minutes)
Originalcostofmachine
$26,400
Lesstwoyears'
accumulateddepreciation
[($26,400-$2,900)/4years]x2years
(11,750)
Bookvalueatendofsecondyear
$14,650
Lessrevisedsalvagevalue
(2,050)
Remainingdepreciablecost
$12,600
Revisedannualdepreciation=$12,600/3years=$4,200
Exercise10-12(30minutes)
Straight-linedepreciation
Income
before
Expense*
Net
Year1
$86,800
$46,780
$40,020
Year2
86,800
46,780
40,020
Year3
Year4
Year5
86,800
40,020
$434,000
$233,900
$200,100
*($274,900-$41,000)/5years=$46,780
Exercise10-13(30minutes)
Year1
$109,960
$(23,160)
65,976
20,824
39,586
47,214
18,378
68,422
0
Supportingcalculationsfordepreciationexpense
*Note:
(100%/5years)x2=40%depreciationrate
Beginning
Book
(40%of
BookValue)
Accumulated
DepreciationattheEndoftheYear
EndingBookValue($274,900CostLessAccumulatedDepreciation)
$274,900
$164,940
Year2
164,940
175,936
98,964
Year3
98,964
39,586**
215,522
59,378
Year4
18,378***
233,900
41,000
Year5
0
Total
**rounded
***Mustnotuse$23,7
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