BE 10.10 – Pinewood Resorts
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the net fixed assets for two years with a fixed-asset turnover ratio… calculate the net sales for year two.
Given the net fixed assets for two years with a fixed-asset turnover ratio… calculate the net sales for year two.
The amount the company will value the pickup trucks and how much gain or loss the company will recognize on the exchange
Given book value, fair value, original cost, accumulated depreciation, and cash paid… determine the value of the truck with a gain or loss.
Given the book value, fair value, original cost, accumulated depreciation, and amount paid they ask you to determine the value of the pickup trucks and the gain or loss on exchange.
Given expenditures that were made during the year along with loan and note amounts, they ask you to calculate the amount of interest capitalized during the year using the specific interest method.
Given a list of costs incurred during the year… find the total research and development expense.
Given the cost of a project, the amount they spent on feasibility, and revenues… find the software development cost.
Given the cost of the software development and the amount spent before the development stage… find the cost that would be capitalized.
Given the years on an agreement, the payment amount, and additional incurred costs they ask you to determine the amount of capitalized costs.
Given research and development items… calculate the research and development expense.