PRINCIPLES OF ACCOUNTING 12Th edition

PRINCIPLES OF ACCOUNTING 12Th edition

CHAPTER 10

Plant Assets, Natural Resources,
and Intangible Assets

ASSIGNMENT CLASSIFICATION TABLE

Learning Objectives
Questions Brief
Exercises
Do It!
Exercises A
Problems

1. Explain the accounting for plant asset expenditures. 1, 2, 3, 9, 24 1, 2, 3 1 1, 2, 3 1A

2. Apply depreciation methods to plant assets. 4, 5, 6, 7, 8, 21, 22, 23 4, 5, 6 ,7, 8 2a, 2b 4, 5, 6, 7, 8 2A, 3A, 4A, 5A

3. Explain how to account for the disposal of plant assets. 10, 11 9, 10 3 9, 10 5A, 6A

4. Describe how to account for natural resources and intangible assets. 12, 13, 14, 15, 16, 17, 18, 19 11, 12 4 11, 12, 13 7A, 8A

5. Discuss how plant assets, natural resources, and intangible assets are
reported and analyzed. 20 13, 14 5 14 5A, 7A, 9A
*6. Explain how to account
for the exchange of plant assets. 25, 26 15, 16 15, 16

ASSIGNMENT CHARACTERISTICS TABLE

Problem
Number
Description Difficulty
Level Time
Allotted (min.)

1A Determine acquisition costs of land and building. Simple 20–30

2A Compute depreciation under different methods. Simple 30–40

3A Compute depreciation under different methods. Moderate 30–40

4A Calculate revisions to depreciation expense. Moderate 20–30

5A Journalize a series of equipment transactions related to purchase, sale, retirement, and depreciation. Moderate 40–50

6A Record disposals. Simple 30–40

7A Prepare entries to record transactions related to acquisition and amortization of intangibles; prepare the intangible
assets section. Moderate 30–40

8A Prepare entries to correct errors made in recording and amortizing intangible assets. Moderate 30–40

9A Calculate and comment on asset turnover. Moderate 5–10

WEYGANDT ACCOUNTING PRINCIPLES 12E
CHAPTER 10
PLANT ASSETS, NATURAL RESOURCES,
AND INTANGIBLE ASSETS

Number LO BT Difficulty Time (min.)
BE1 1 AP Simple 2–4
BE2 1 AP Simple 1–2
BE3 1 AP Simple 2–4
BE4 2 AP Simple 2–4
BE5 2 E Moderate 4–6
BE6 2 AP Simple 4–6
BE7 2 AP Simple 2–4
BE8 2 AN Moderate 4–6
BE9 3 AP Simple 4–6
BE10 3 AP Simple 4–6
BE11 4 AP Simple 4–6
BE12 4 AP Simple 2–4
BE13 5 AP Simple 4–6
BE14 5 AP Simple 2–4
*BE15 6 AP Simple 4–6
*BE16 6 AP Simple 4–6
DI1 1 C Simple 4–6
DI2a 2 AP Simple 2–4
DI2b 2 AP Simple 6–8
DI3
DI4 3
4 K
K Simple
Simple 2–4
2–4
DI5 4 K Simple 2–4
EX1 1 C Simple 6–8
EX2 1 AP Simple 4–6