Solution Manual For Accounting Principles, Volume 2, 10th Edition by Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell, Valerie Warren, Lori Novak

Solution Manual For
Accounting Principles, Volume 2, 10th Canadian Edition Jerry J. Weygandt,
Paul D. Kimmel, Jill E. Mitchell, Valerie Warren, Lori Novak
Chapter 9-18
CHAPTER 9
Long-Lived Assets


Learning Objectives
1. Calculate the cost of property, plant, and equipment.
2. Apply depreciation methods to property, plant, and
equipment.
3. Explain the factors that cause changes in periodic
depreciation and calculate revised depreciation for property,
plant, and equipment.
4. Demonstrate how to account for property, plant, and
equipment disposals.
5. Record natural resource transactions and compute depletion.
6. Identify the basic accounting issues for intangible assets and
goodwill.
7. Illustrate the reporting and analysis of long-lived assets.

,Summary of Questions by Learning Objectives and Bloom‘s Taxonomy

Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT
Questions
1. 1 K 6. 2 C 11. 3 C 16. 4 K 21. 6 C
2. 1 K 7. 2 K 12. 3 K 17. 4 C 22. 6 C
3. 1 C 8. 2 C 13. 3 C 18. 5 K 23. 7 K
4. 1 C 9. 2,3 K 14. 4 C 19. 5 C 24. 7 C
5. 1 C 10. 3 C 15. 4 C 20. 6 C
Brief Exercises
1. 1 AP 6. 2 AP 11. 3 AP 16. 5 AP 21. 7 AN
2. 1 AP 7. 2 AP 12. 3 AP 17. 5,7 AP
3. 1 K 8. 2 AP 13. 4 AP 18. 6 AP
4. 1 AP 9. 2 AP 14. 4 AP 19. 6,7 AP
5. 2 AP 10. 2 AP 15. 4 AP 20 7 AP
Exercises
1. 1 AP 5. 2 AP 9. 3 AP 13. 5 AP 17 2,7 AP
2. 1,2 AP 6. 2 AP 10. 3 AP 14. 1,2,6 AP 18. 7 AN
3. 1,2 C 7. 2 AP 11. 4 AP 15. 6 AP
4. 2 AP 8 3 AP 12. 4 AP 16. 6 AP
Problems
1. 1 AP 4. 1,3 AP 7. 1,2,3,4 AP 10. 2,4,7 AP 13. 3,5,7 AP
2. 1,2 AP 5. 2 AP 8. 2,4 AP 11. 6 AP 14. 7 AN
3. 1,2 AP 6. 3 AP 9. 2,4 AP 12. 6,7 AP

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

LO Learning objective
Bloom's
BT Taxonomy
K Knowledge
C Comprehension
AP Application
AN Analysis
S Synthesis
E Evaluation
Difficulty: Level of difficulty

, S Simple
M Moderate
C Complex
Time: Estimated time to complete in minutes
AACSB Association to Advance Collegiate Schools of Business
Communication Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
Diversity Diversity
Reflec. Thinking Reflective Thinking
CPA CM CPA Canada Competency Map
Ethics Professional and Ethical Behaviour
PS and DM Problem-Solving and Decision-Making
Comm. Communication
Self-Mgt. Self-Management
Team & Lead Teamwork and Leadership
Reporting Financial Reporting
Stat. & Gov. Strategy and Governance
Mgt. Accounting Management Accounting
Audit Audit and Assurance
Finance Finance
Tax Taxation

ASSIGNMENT CLASSIFICATION TABLE
Brief Problems Problems
Questions Exercises Exercises Set A Set B
Learning Objectives

1. Calculate the cost of 1, 2, 3, 4, 1, 2, 3, 4 1, 2, 3, 12 1, 2, 3, 4, 1, 2, 3, 4,
property, plant, and 5 7 7
equipment.

2. Apply depreciation methods 6, 7, 8, 9, 5, 6, 7, 8, 2, 3, 4, 5, 2, 3, 5, 7, 2, 3, 5, 7,
to property, plant, and 9, 10 6, 7, 14, 8, 9, 10 8, 9, 10,
equipment. 17 13

3. Explain the factors that cause 9, 10, 11, 11, 12 8, 9, 10 4, 6, 7, 13 4, 6, 7
changes in periodic 12, 13,
depreciation and calculate
revised depreciation for
property, plant, and
equipment.

, 4. Demonstrate how to account 14, 15, 13, 14, 15 11, 12 7, 8, 9, 7, 8, 9,
for property, plant, and 16, 17, 10 10
equipment disposals.

5. Record natural resource 18, 19, 20 16, 17 13 13 13
transactions and calculate
depletion.

6. Identify the basic accounting 21, 22 18, 19 14, 15, 16 11, 12 11, 12
issues for intangible assets
and goodwill.

7. Illustrate the reporting and 23, 24 17, 19, 20, 17, 18 10, 12, 10, 12,
analysis of long-lived assets. 21 13, 14 13, 14




ASSIGNMENT CHARACTERISTICS TABLE

Problem Difficulty Time
Number Description Level Allotted (min.)

1A Record property transactions. Simple 20-30

2A Allocate cost and calculate partial period depreciation. Moderate 20-30

3A Determine cost; calculate and compare depreciation under Moderate 30-40
different methods.

4A Account for operating and capital expenditures and asset Moderate 20-30
impairments.

5A Calculate and compare depreciation using three methods. Moderate 30-40

6A Record impairment and calculate revised depreciation. Moderate 20-30

7A Record acquisition, depreciation, impairment, and disposal of Moderate 25-35
land and building.

8A Calculate and compare depreciation and gain or loss on Moderate 30-40
disposal under three methods of depreciation.

9A Record acquisition, depreciation, and disposal of equipment. Moderate 30-40

10A Record property, plant, and equipment transactions; prepare Complex 40-50
partial financial statements.

11A Correct errors in recording intangible asset transactions. Complex 15-20

12A Record intangible asset transactions; prepare partial balance Moderate 30-40
sheet.