BE 10.01 – Beaverton Lumber
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the amount of equipment purchased with other costs… find the initial cost of equipment.
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Given the amount of equipment purchased with other costs… find the initial cost of equipment.
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Given total cost, extraction period, interest rate, and possible cash flows they ask you to determine the liability increase and gain or loss on retirement.
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Given stock acquired, book value, and fair value… calculate the goodwill paid.
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Given note amount, years on note, and the interest rate they ask you to complete the table to determine the interest expense.
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Given the number of shares exchanged, value per share…. calculate the cost of the patent.
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Given the net fixed assets for two years with a fixed-asset turnover ratio… calculate the net sales for year two.
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Given book value, fair value, original cost, accumulated depreciation, and cash paid… determine the value of the truck with a gain or loss.
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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.
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Given a list of costs incurred during the year… find the total research and development expense.
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Given the cost of a project, the amount they spent on feasibility, and revenues… find the software development cost.
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