BE 10.17 – Culverson Company
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the cost of a project, the amount they spent on feasibility, and revenues… find the software development cost.
Given the cost of a project, the amount they spent on feasibility, and revenues… find the software development cost.
Given the cost of the software development and the amount spent before the development stage… find the cost that would be capitalized.
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.
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.