BE 11.14 – Robotics Inc.
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Find the depreciation on the building.
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Find the depreciation on the building.
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Switches from the straight line to double declining! Also gives the answer if keep as straightline but change residual and useful years. Gives acquired man facility, allocated purchase price, useful life, residual value. Asks for depreciation on building YR3 after switching to double declining.
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VERSION3: this is the one where depreciation was incorrectly recorded. Asks to fix the error. Gives you the useful life, residual value, depreciation incorrectly recorded, acquired facility, allocated purchase price. Asks for journal entry to fix error and depreciation. Experts Have Solved This Problem Please login or register to access this content.
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What amount of impairment loss should the company recognize? Experts Have Solved This Problem Please login or register to access this content.
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Given book value, fair value, and the sum of future cash flows they ask you to determine the amount of impairment loss.
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Given book value, fair value, and the present value of future cash flows they ask you to determine the amount of impairment loss.
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Given the same value for stock value, goodwill, and book value… change the amount of fair value and then calculate the impairment loss.
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This is a part 3 question where they give you the same stock value, goodwill, fair value, and book value, but add the estimated future cash flows and ask you to calculate the impairment loss.
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Classify expenditures: maintenance, remodel, rearrangement, addition. How should Demmert account for each of these expenditures?
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Given the cost of a van, the service life, the estimated worth after the life, and the expected miles… calculate the annual depreciation using the straight-line method, double-declining balance, and units-of-production.
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