会计学第10章答案

Chapter 10 Accounting for Plant Assets and Intangibles

Multiple Choice Quiz

1. b

Land: $326,000×[175,000÷(175,000＋70,000＋105,000)]＝326,000×50%＝$163,000

Land Improvements: $326,000×70,000/350,000＝$326,000×20%＝$65,200

Building: $326,000×105,000/350,000＝$326,000×30%＝$97,800

2. c

(35,000－1,000)÷4＝$8,500

3. c

Depreciation for the year 2013: $10,800,000×20%＝$2,160,000

Depreciation for the year 2014: $(10,800,000－2,160,000)×20%＝$1,728,000

4. c

Book value $150,000 (250,000－100,000) , vs. selling price $120,000

Quick Study

QS 10-2

The total recorded cost of the automatic scorekeeping equipment:

$190,000＋20,000＋4,000＋13,700＝$227,700

QS 9-3

$(65,800－2,000)÷4＝$15,950

QS 10-4

Depreciation for per concert: $(65,800－2,000)÷200＝$319

Depreciation for the year 2013: $319×45＝$14,355

QS 10-5

The revised annual depreciation for both the second and third year is equal.

$(65,800－15,950－2,000)÷2＝$23,925

QS 10-6

2013: $830,000×25%＝$207,500

2014: $(830,000－207,500)×25%＝$155,625

2015: $(830,000－207,500－155,625)×25%＝$116,718,75

QS 10-7

When an asset is found impaired, which means the fair market value has been lower than its book value, an impairment expense should be charged and an impairment provision be accrued.

Dr: Impairment Expense-equipment 1,250

Cr: Impairment Provision-equipment 1,250

QS 10-8

a.capital expenditure

Dr：Refrigeration System 40,000

Cr: Cash 40,000

b.revenue expenditure

Dr: Repair Expense 200

Cr: Cash 200

c.revenue expenditure

Dr: Repair Expense 175

Cr: Cash 175

d.capital expenditure

Dr: Office Building 225,000

Cr: Cash 225,000

QS 10-9

(1) Dr: Cash 47,000

Accumulated Depreciation-equipment 40,800

Cr: Equipment 76,800 Gain on Disposal of Equipment 11,000

(2) Dr: Cash 36,000

Accumulated Depreciation-equipment 40,800

Cr: Equipment 76,800

(3) Dr: Cash 31,000

Loss on Disposal of Equipment 5,000

Accumulated Depreciation-equipment 40,800

Cr: Equipment 76,800

QS 10-12

Dr: Leasehold Improvement 105,000

Cr: Cash 105,000

Dr: Amortization Expense 13,125

Cr: Accumulated Amortization-leasehold improvement 13,125

Exercises

Exercise 10-1

Cost of Plant Asset: $12,500×(1－2%)＋360＋895＋475＋40＝$14,020

Exercise 10-2

Dr: Land 470,500 (280,000＋110,000＋33,500＋47,000) Building 1,452,200

Land Improvements 87,800

Cr: Cash 2,010,500

Note: Land purchased as a building site sometimes includes structures that must be removed. In such cases, the total purchase price is charged to the Land account as is the cost of removing the structures, less any amounts recovered through sale of salvaged materials. See the relative paragraph about Land in our textbook.

Exercise 10-3

Total cost paid in this lump-sum purchase: $395,380 (375,280＋20,100) .

The share allocated to Land: 157,040/(157,040＋58,890＋176,670)＝40%

The share allocated to Land Improvements: 58,890/392,600＝15%

The share allocated to Building: 176,670/392,600＝45%

Dr: Land 158,152 (395,380×40%)

Land Improvements 59,307 (395,380×15%)

Building 177,921 (395,380×45%)

Cr: Cash 395,380

Exercise 10-4

Second year’s depreciation under straight-line method:

$(43,500－5,000)÷10＝$3,850

Exercise 10-5

Second year’s depreciation under units-of-production method:

$(43,500－5,000)÷385,000×32,500＝$3,250

Exercise 10-6

Second year’s depreciation under DDB method:

Book value at the beginning of Year 2: $43,500－43,500×20%＝$34,800

Depreciation for Year 2: $34,800×20%＝$6,960

Exercise 10-7

(1)book value at the end of Year 2: $23,860－[(23,860－2,400)÷4×2]＝$13,130

(2)depreciation for each of the final three years:

$(13,130－2,000)÷3＝$3,710

Exercise 10-8

Depreciation for each year under straight-line method:

$(238,400－43,600)÷5＝$38,960

Exercise 10-9

Exercise 10-10

1.Under the straight-line depreciation method, by dividing the annual depreciation from its

accumulated depreciation, we can conclude the building’s age.

$429,000÷(572,000÷20)＝15 Years depreciated

2.Dr: Building 68,350

Cr: Cash 68,350

3.The new book value of the building is $211,350 ($572,000－429,000＋68,350).

4. Dr: Depreciation Expense 21,135

Cr: Accumulated Depreciation-building 21,135

Exercise 10-11

1. Dr: Equipment 22,000

Cr: Cash 22,000

2. Dr: Repair Expense 6,250

Cr: Cash 6,250

3. Dr: Equipment 14,870

Cr: Cash 14,870

Exercise 10-12

1. Dr: Loss on Disposal of Machine 68,000

Accumulated Depreciation-machine 182,000

Cr: Machine 250,000

2. Dr: Cash 35,000

Loss on Disposal of Machine 33,000

Accumulated Depreciation-machine 182,000

Cr: Machine 250,000

3. Dr: Cash 68,000

Accumulated Depreciation-machine 182,000

Cr: Machine 250,000

4. Dr: Cash 80,000

Accumulated Depreciation-machine 182,000

Cr: Machine 250,000

Gain on Disposal of Machine 12,000

Exercise 10-13

Partial-year depreciation on July 1, 2017: $105,000÷7×6/12＝$7,500

Dr: Depreciation Expense-machine 7,500

Cr: Accumulated Depreciation-machine 7,500

Accumulated depreciation till the date of disposal: $15,000×4＋7,500＝$67,500

(1) Dr: Cash 45,500

Accumulated Depreciation-machine 67,500

Cr: Machine 105,000

Gain on Disposal of Machine 8,000

(2) Dr: Cash 25,000

Accumulated Depreciation-machine 67,500

Loss of Disposal of Machine 12,500

Cr: Machine 105,000

Exercise 10-15

Jan. 1, 2013 Dr: Intangible Asset-Copyright 418,000

Cr: Cash 418,000

Dec. 31, 2013 Dr: Amortization Expense-Copyright 41,800 [$418,000/10]

Cr: Accumulated Amortization-Copyright 41,800

Exercise 10-16

1.The amount recognized to record goodwill in this case is $700,000 ($2,500,000－

1,800,000).

2.Robinson should do asset impairment test for the year ended December 31, 201

3.

3.Robinson should not record or recognize a goodwill asset generated inside the company. Problem 10-1A

Dr: Building 477,000

Land 279,000

Land Improvements 27,000

Vehicles 117,000

Cr: Cash 900,000

2.Depreciation expense for year 2013 on building: $(477,000－27,000)÷15＝$30,000

3.Depreciation expense for year 2013 on land improvements:

$27,000×40%＝$10,800

4. Refute. The total taxes payment under the accelerated depreciation method is the same as under other depreciation methods, since the total depreciable cost does not changed. The entity could pay less taxes during the earlier periods while pay much during the later periods due to the larger depreciation expenses deducted and the smaller charges later.

Problem 10-2A

2012

Jan.1 Dr: Loader 300,600 ($287,600＋11,500＋1,500)

Cr: Cash 300,600

Jan. 3 Dr: Loader 4,800

Cr: Cash 4,800

Dec. 31 Dr: Depreciation Expense 70,850[(300,600＋4,800－20,600－1,400)/4] Cr: Accumulated Depreciation-Loader 70,850

2013

Jan. 1 Dr: Loader 5,400

Cr: Cash 5,400

Feb. 17 Dr: Repair Expense 820

Cr: Cash 820

Dec. 31 Annual depreciation expense:

(300,600＋4,800＋5,400－22,000－70,850)/(3＋2)＝$43,590

Dr: Depreciation Expense 43,590

Cr: Accumulated Depreciation-Loader 43,590

Problem 10-3A

折旧费用为8,600×$0.5＝$4,300.

Problem 10-4A

1. Jan. 2 Dr: Machine 180,840

Cr: Cash 180,840

Jan. 3 Dr: Machine 1,160

Cr: Cash 1,160

2.depreciation for first and disposal year in operations:

($180,840＋1,160－14,000)/6＝$28,000

Dr: Depreciation Expense 28,000 (a)/(b)

Cr: Accumulated Depreciation-Machine 28,000

3.book value on the date of disposal: $182,000－28,000×5＝$42,000

(a) Dr: Cash 15,000

Accumulated Depreciation-Machine 140,000

Loss on Disposal of Machine 27,000

Cr: Machine 182,000 (b) Dr: Cash 50,000

Accumulated Depreciation-Machine 140,000

Cr: Machine 182,000 Gain on Disposal of Machine 8,000 (c) Dr: Cash 30,000

Loss from Fire 12,000

Accumulated Depreciation-Machine 140,000

Cr: Machine 182,000

Problem 10-6A

1. (a) Dr: Leasehold 200,000

Cr: Cash 200,000

(b) Dr: Prepaid Rent 80,000

Cr: Cash 80,000

(c) Dr: Leasehold Improvement 130,000

Cr: Cash 130,000

2. (a) Dr: Amortization Expense 10,000 ($200,000÷10×6/12)

Cr: Accumulated Amortization-Leasehold 10,000

(b) Dr: Amortization Expense 6,500 ($130,000÷10×6/12)

Cr: Accumulated Amortization-Leasehold Improvement 6,500 (c) Dr: Rent Expense 40,000 ($80,000×6/12)

Cr: Prepaid Rent 40,000