BE 10.19 – Garrett Corporation
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the years on an agreement, the payment amount, and additional incurred costs they ask you to determine the amount of capitalized costs.
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.
Given marketing appraisal cost, consulting fees, advertising cost, employee training cost… calculate total start-up expense.
Given the purchase price of equipment, the estimated service life, the residual value, machine working hours, the hours operated per year… calculate the depreciation expense using straight-line, double-declining, and units-of-production hours.
Calculate depreciation expenses for 2021 and 2022.
Given the price of the equipment, the price at which it sold, and the depreciation… find the gain on the sale of equipment.
Given the price of the item, the amount it sold for as well as the accumulated depreciation… prepare the journal entry.
Given the patent price, equipment price, book value for the patent, the book value for the equipment, accumulated depreciation, and the cost… prepare a journal entry.
Given equipment purchased, residual value, depreciation value, and cost/sale price… find annual depreciation and the amount of gain or loss for the sale.
Given the incurred cost, gas expected, and extracted gas… find the depletion for Year 1 and for Year 2.