AP11.01 – Great Adventures
Financial Accounting by Spiceland, Thomas, and Herrman
Prepare the statement of cash flows using the indirect method.
Prepare the statement of cash flows using the indirect method.
Asks if supply chain decisions are NOT strategic and why.
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 the book value for the building, the fair value, and the book value for the fair value of the equipment… find the balance sheet at the end of the year.
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.