BE 10.21 – Big Burgers, Inc.
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given marketing appraisal cost, consulting fees, advertising cost, employee training cost… calculate total start-up 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.
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.
Given patent, developed technology, trademark, and goodwill… create the income statement.
Given project cost, the amount spent, expected life, total, and recognized revenue… create the journal entry, find amortization, and find the amount reported on the balance sheet.
Given useful life, total revenues, the revenue of year two, and development cost.. prepare the journal entry and amortization.
Find the depreciation on the building.