financial accounting 习题答案文档(8)

b. Mar. 15 Depreciation Expense .................................. Accumulated Depreciation .....................

6,000

18,000

45,000

2,250*

6,000 18,000 45,000

15 Accumulated Depreciation ........................... Carpet ....................................................... 30 Carpet ............................................................ Cash..........................................................

c. Dec. 31 Depreciation Expense .................................. Accumulated Depreciation .....................

*($45,000 ÷ 15 years) × 9/12

Ex. 10–10

a. Cost of equipment ..................................................................... Accumulated depreciation at December 31, 2006 (4 years at $22,500* per year) .........................................

Book value at December 31, 2006 ............................................

*($240,000 – $15,000) ÷ 10 = $22,500 b. 1. Depreciation Expense—Equipment .......................... 11,250

Accumulated Depreciation—Equipment ...........

2. Cash ............................................................................ 135,000 Accumulated Depreciation—Equipment ............. 101,250 Loss on Disposal of Fixed Assets ....................... 3,750

Equipment ............................................................

Ex. 10–11

a. 2003 depreciation expense: $15,000 [($96,000 – $6,000) ÷ 6] 2004 depreciation expense: $15,000

2005 depreciation expense: $15,000

b. $51,000 ($96,000 – $45,000)

c. Cash ..................................................................... 38,000 Accumulated Depreciation—Equipment ....................... 45,000

Loss on Disposal of Fixed Assets ................................. 13,000

Equipment .............................................................

d. Cash ..................................................................... 53,000 Accumulated Depreciation—Equipment ....................... 45,000

Equipment .............................................................

Gain on Disposal of Fixed Assets .......................

2,250

$240,000 90,000 $150,000 11,250

240,000

96,000

96,000 2,000

Ex. 10–12

a. $205,000 ($315,000 – $110,000)

b. $303,750 [$315,000 – ($110,000 – $98,750)], or

$303,750 ($205,000 + $98,750)

Ex. 10–13

a. $205,000 ($315,000 – $110,000)

b. $315,000. The new printing press’s cost cannot exceed $315,000 on a

similar exchange. The $18,500 loss on disposal ($128,500 book value – $110,000 trade-in allowance) must be recognized.

Ex. 10–14

a. Depreciation Expense—Equipment ............................... Accumulated Depreciation—Equipment .............

8,000

152,000 385,000 28,000

8,000

b.

Accumulated Depreciation—Equipment ....................... Equipment ........................................................................ Loss on Disposal of Fixed Assets ................................. Equipment ............................................................. Cash ....................................................................... Notes Payable ....................................................... *$385,000 – $100,000 – $35,000

280,000

35,000 250,000*

Ex. 10–15

a. $55,000. The new truck’s cost cannot exceed $55,000 in a similar

exchange.

b. $54,000 ($55,000 – $1,000) or

$54,000 ($30,000 + $24,000)

Ex. 10–16

a. $80,000,000 ÷ 100,000,000 tons = $0.80 depletion per ton

15,500,000 × $0.80 = $12,400,000 depletion expense

b. Depletion Expense .......................................................... 12,400,000 Accumulated Depletion ........................................ 12,400,000

Ex. 10–17

a. ($472,500 ÷ 15) + ($75,000 ÷ 12) = $37,750 total patent expense

b. Amortization Expense—Patents .................................... Patents ...................................................................

37,750

37,750

Ex. 10–18

a. Current year:

Ratio of fixed assets to long-term liabilities (debt) = $181,758,000/$14,610,000 = 12.4

Preceding year: Ratio of fixed assets to long-term liabilities (debt) =

$174,659,000/$12,150,000 = 14.4

b. The ratio of fixed assets to long-term liabilities has declined from

14.4 in the preceding year to 12.4 in the current year. This indicates a decrease in the margin of safety for long-term creditors. However, the ratio of fixed assets to long-term liabilities is large enough that Intuit will be able to borrow with relative ease.

Ex. 11–1

Current liabilities:

Federal income taxes payable ........................................................... Advances on magazine subscriptions .............................................. Total current liabilities ........................................................................

$ 42,0001

155,2502 $197,250 1$120,000 × 35%

26,900 × $30 × 9/12 = $155,250

The nine months of unfilled subscriptions are a current liability because Web World received payment prior to providing the magazines.

Ex. 11–2

a. 1. Merchandise Inventory .............................................. Interest Expense ................................................... Notes Payable ....... …… 此处隐藏：7372字，全部文档内容请下载后查看。喜欢就下载吧 ……