MC 11.87 – Bricker Enterprises
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the purchase price of the machine and the expected life… find the depreciation using the straight-line method for the year.
Given the purchase price of the machine and the expected life… find the depreciation using the straight-line method for the year.
Gives you the cost of the equipment, along with the depreciation and the years of use. Asks for the age of the equipment based on given variables.
Given the information from the year-end balance sheet and income statement and ask you to determine the depreciation expense using double declining balance along with preparing a journal entry for depreciation.
Given information regarding the costs of mining equipment and ask you to determine the depreciation for two consecutive years while also calculating the book value.
Given information regarding assets for three different companies… prepare journal entries for the depreciation.
Given the equipment cost, the useful life, the cost to repair, total expenditures, and the cost of a new feature… prepare three different journal entries for depreciation and expenditures.
Given the cost, useful life, and residual value for different assets and ask you to calculate depreciation expense year 1… prepare journal entries for the depreciation, and calculate depreciation expense year 3.
Given information regarding the intangible assets… prepare journal entries for the amortization along with preparing the intangible asset section of the balance sheet.
Prepare schedule analyzing changes. Do not analyze change in depreciation.
Compute the book value equipment and the patent. Determine the amount of any impairment loss on equipment, patent, goodwill, the three assets.