Solutions for Payroll Accounting 2025 Edition, Evergreen Release by Jeanette Landin.pdf

Kieso,bWeygandt,bWarfield,bWiecek,bMcConomyb IntermediatebAccounting,bThirteenthbCanadianbEdition




CHAPTER 11 b




DEPRECIATION, IMPAIRMENT, AND DISPOSI B B B



TION
Learning Objectives b



1. Understand the importance of depreciation, impairment, and disp
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osition from a business perspective.
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2. Explain the concept of depreciation and identify the factors to con
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sider when determining depreciation charges.
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3. Identify how depreciation methods are selected; calculate and rec
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ognize depreciation using the straight-
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line, diminishing balance, activity, and other methods.
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4. Explain the accounting issues for depletion of mineral resources.
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5. Explain and apply the accounting procedures for partial periods a
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nd a change in depreciation rate.
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6. Explain the issues and apply the accounting standards for capital
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asset impairment under both IFRS and ASPE.
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7. Account for derecognition of property, plant, and equipment and e
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xplain and apply the accounting standards for long-
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lived assets that are held for sale.
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8. Describe the types of disclosures required for property, plant, and
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equipment and analysis of investment in capital assets.
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9. Identify differences in accounting between IFRS and ASPE, and
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what changes are expected in the near future.
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10. Calculate capital cost allowance in routine and non-
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routine situations. b




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SolutionsbManual 11.1 bbbbChapterb11
Copyrightb©b2022bJohnbWileyb&bSonsbCanada,bLtd.bbUnauthorizedbcopying,bdistribution,borbtransmissionbofbthisbpagebisbstrictlybprohibited.

, Kieso,bWeygandt,bWarfield,bWiecek,bMcConomyb IntermediatebAccounting,bThirteenthbCanadianbEdition




Summary of Questions by Learning Objectives and Bloom’s Taxonomy
b b b b b b b b




Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT
Brief Exercises
b


1. 1,8 C 6. 3 AP 11. 4 AP 16. 6 C 21. 7 AP
2. 2 AP 7. 3 AP 12. 5 AP 17. 6 AP 22. 7 AP
3. 2 AP 8. 3 AP 13. 6 AP 18. 6 AP 23 8 AN
4. 3 AP 9. 3,10 AP 14. 6 C 19. 6 C 24 10 AP
5. 3 AP 10. 4 AP 15. 6 AP 20. 7 AP
Exercises
1. 1,2,3 C 8. 3 AP 15. 4 AP 22. 6 AP 29. 8 AN
2. 2,3 AP 9. 3 AP 16. 5 AP 23. 6,7,8 AP 30. 3,10 AP
3. 3 AP 10. 3 AP 17. 5 AP 24. 2,3,7 AP 31. 10 AP
4. 3,5,10 AP 11. 3,5 AP 18. 5 AP 25. 3,5,7 AP 32. 10 AP
5. 2,3 AP 12. 3,5 AP 19. 6 AP 26. 7 AP
6. 3 AP 13. 4 AP 20. 6 AP 27. 7 AP
7. 3 AP 14. 4 AP 21. 6 AP 28. 7 AP
Problems
1. 3,5,10 AP 5. 3,10 AP 9. 2,3 AP 13. 3 AP 17. 3,5,6 AP
2. 3 AP 6. 3,5,7 AP 10. 3 AP 14. 3,6,8 AP 18. 10 AP
3. 3,5,10 AP 7. 3,5,7 AP 11. 3,4 AP 15. 7 AP 19. 8,10 AP
4. 3,5,7 AP 8. 2,3 AP 12. 3,4,7 AP 16. 3 AP
Cases
IC1. 7,8 b AN IC 2. b 1,6 AN
Research and Analysis
b b


1. 8 AP 2. 3,8 b AP 3. 3,4,6 AN 4. 1,8 AN 5. 6,8 AP




_____________________________________________________________________________________
SolutionsbManual 11.2 bbbbChapterb11
Copyrightb©b2022bJohnbWileyb&bSonsbCanada,bLtd.bbUnauthorizedbcopying,bdistribution,borbtransmissionbofbthisbpagebisbstrictlybprohibited.

, Kieso,bWeygandt,bWarfield,bWiecek,bMcConomyb IntermediatebAccounting,bThirteenthbCanadianbEdition



Legend: The following abbreviations will appear throughout the solutions manual file
b b b b b b b b b b




LO Learning objective b
b

BT Bloom's Taxonomy b
b


b
K Knowledge b


b
C Comprehension
b
AP Application b


b
AN Analysis b


b
S Synthesis b


b
E Evaluation b

Difficulty: Level of difficulty
b b
b


b
S Simple b


b
M Moderate b


b
C Complex b

Time: Estimated time to complete in minutes
b b b b b


AACSB Association to Advance Collegiate Schools of Business
b b b b b b



b
Communication Communication
b
Ethics Ethics
b
Analytic Analytic
b
Tech. Technology
b
Diversity Diversity
b
Reflec. Thinkingb Reflective Thinking b


CPA CM b CPA Canada Competency Map
b b b



b
Ethics Professional and Ethical Behaviour b b b



b
PS and DM
b b Problem-Solving and Decision-Making b b



b
Comm. Communication
b
Self-Mgt. Self-Management
b
Team & Lead b b Teamwork and Leadership b b


b
Reporting Financial Reporting b



b
Stat. & Gov.
b b Strategy and Governance b b



b
Mgt. Accounting
b Management Accounting b


b
Audit Audit and Assurance b b


b
Finance Finance
b
Tax b
Taxation
DAIS Data Analytics and Information Systems b b b b




_____________________________________________________________________________________
SolutionsbManual 11.3 bbbbChapterb11
Copyrightb©b2022bJohnbWileyb&bSonsbCanada,bLtd.bbUnauthorizedbcopying,bdistribution,borbtransmissionbofbthisbpagebisbstrictlybprohibited.

, Kieso,bWeygandt,bWarfield,bWiecek,bMcConomyb IntermediatebAccounting,bThirteenthbCanadianbEdition




ASSIGNMENT CLASSIFICATION TABLE b b




BriefbExer
Topics cises Exercises Problems

1. Conceptbofbdepreciati 1 1
on.

2.b Factorsbinbdetermining 2,b3 1,b2,b5,b24 1,b2,b5,b6,b8,b13,
bdepreciationbcharges. b16




3. Meaningbandbchoicebo 4,b5,b6,b7,b8 1,b2,b3,b4,b5,b6,b7, 1,b2,b4,b5,b6,b7,b
fbmethodsband.bcalcul ,b9 b8,b9,b10,b11,b12,b 8,b9,b10,b16,b17,
ationbofbdepreciation 24,b25,b30 b19




4.b Depletion. 10,b11 b13,b14,b15 11,b12

5.b Errors;bChangesbinbest 11 4,b11,b12,b16,b17, 3,b6,b7,b13,b17
imates. b18,b25




6.b Impairment. 12,b13,b14,b 19,b20,b21,b22,b2 14,b17
b15,b16,b17, 3
b18,b19




7.b Assetsbheldbforbsaleba 20,b21,22 23,b24,b25,b26,b2 4,b7,b15,b17
ndbdispostions. 7,b28

8.b Presentationbdisclosur 1,b23 23,b29 8,b14,b15,b17,b1
esbandbanalysis 9

9. DifferencesbbetweenbA
SPEbandbIFRS.

*10. Taxbdepreciationb(CC 9,b24 4,b30,b31,b32 1,b3,b5,b18,b
A).* 19

*ThisbmaterialbisbcoveredbinbanbAppendixbtobthebchapter.




_____________________________________________________________________________________
SolutionsbManual 11.4 bbbbChapterb11
Copyrightb©b2022bJohnbWileyb&bSonsbCanada,bLtd.bbUnauthorizedbcopying,bdistribution,borbtransmissionbofbthisbpagebisbstrictlybprohibited.