会计学原理_企业决策的基础_课后习题答案_chapter9

1、chapter9chapter9E9.4a1Depreciation Schedule:Straight-Line Method Jansing CorporationDepreciationAccumulatedYearComputationExpenseDepreciationFist35,000*0.27,0007000Second35,000*0.27,00014000Third35,000*0.27,00021000Fourth35,000*0.27,00028000Fifth35,000*0.27,00035000 Total35,000a2Depreciation Schedul

2、e:200% Declining-Balance Method Jansing CorporationDepreciationAccumulatedYearComputationExpenseDepreciationFist40,000*0.416,00016,000Second24,000*0.49,60025,600Third14,400*0.45,76031,360Fourth8,640*0.43,45634,816Fifth5,184-5,00018435,000 Total35,000a3Depreciation Schedule:150% Declining-Balance Met

3、hod Jansing CorporationDepreciationAccumulatedYearComputationExpenseDepreciationFist40,000*0.312,00012,000Second28，000*0.38,40020,400Third19,600*0.35,88026,280Fourth(13,720-5,000)/24,36030,640Fifth(13,720-5,000)/24,36035,000 Total35,000b.Both accelerated methods result in a higher depreciation expen

4、se than the straight-linemethod in the first two years of the assets life. This pattern reserves in years 2009-2011.After four years,99% of the assets total depreciation expense has been recorded under the 200%declining-balance method,as compared to only 88% under the 150% declining balance method.E

5、9.11a.Inventory 400,000 Accumulated DepletionTo record depletion of Salter Mining Company for the year 50,000 tons mined at $8 per tonb.Property,Plant,& Equipment:Mining properties:Salter Mining Company21,000,000Less: Accumulated Depletion400,000c.No.Because only 40,000 tons of ore has been sold

6、 during the year and are deducted from therevenue.The rest of the 50,000 tons of ore is still record as inventory.d.The journal in part a increase the current ratio. Because, as a current asset, the inventoryof this company increase as a result of the record in part a.But I dont think it has a reale

7、ffect on the companys liquidity.Because the inventory cannot be sold immediately,and itsless liquid than cash.P9.3 a.1Depreciation Schedule:Straight-Line Method with the Nearest Whole Month ConventionSmart Hardware Apr1,2009-2012DepreciationAccumulatedYearComputationExpenseDepreciationFist16,000*(9/

8、12)*(1/20)600600Second16,000*1/208001,400Third16,000*1/208002,200Fourth16,000*1/208003,000 Total3,000a.2Depreciation Schedule:200% Declining-Balance Method with Half Year ConventionSmart Hardware Apr1,2009-2012DepreciationAccumulatedYearComputationExpenseDepreciationFist16,000*0.1*0.5800800Second15,

9、200*0.11,5202,320Third13,680*0.11,3683,688Fourth12,312*0.11,2314,919 Total4,919a3Depreciation Schedule:150% Declining-Balance Method with Half Year ConventionSmart Hardware Apr1,2009-2012DepreciationAccumulatedYearComputationExpenseDepreciationFist16,400*0.075*0.5600600Second15,400*0.0751,1551,755Th

10、ird14,245*0.0751,0682,823Fourth13,177*0.0759883,811 Total3,811b.Accelerated depreciation method result in higher changes to depreciation expense early in theassets life and, therefore, lower reported net income than straight-line depreciation.Toappear as profitable as possible,the company can use st

11、raight-line depreciation in theirfinancial statements.And to minimize its taxable income,the company can use 200% Declining-Balance Method in their report to IRS.c. The 200% Declining-Balance Method.No,book value is only the cost of the inventory minus therelated accumulated depreciation.The fair va

12、lue is the market value of the inventory when themarket is stable.The fair value may higher than book value because of the increasing demand,orlower than the book value because of the physical deterioration and obsolescence d.1Cash1,200Accumulated depreciation:old shelving8,600 Shelving Gain on disp

13、osal of plant assetsTo record sale of Shelving at a price above book value.d.2Cash200Accumulated depreciation:old shelving8,600Loss on disposal of plant assets200 ShelvingTo record sale of Shelving at a price below book value.P9.8Aa.Depreciation Schedule:150% Declining-Balance Method Rothchild,Inc.D

14、epreciationAccumulatedYearComputationExpenseDepreciationFist350,000*0.1552,50052,500Second297,500*0.1544,62597,125Third252,875*0.1537,931135,056 Total135,056b.Amortization Schedule:Straight-Line Method Rothchild,Inc.DepreciationAccumulatedYearComputationExpenseDepreciationFist75,000*0.215,00015,000S

15、econd75,000*0.215,00030,000 Total30,000c.1Assets section for first yearPlant:heavy equipmentLess:Accumulated depreciation:heavy equipmentPatentTotal plant and intangible assetsc.2Plant:heavy equipmentLess:Accumulated depreciationTotal plant and intangible assetsc.3Book value of patent (at the end of

16、 the second year)Cash receivedLoss on disposal of patentBookValue40,000330002600019000120005000BookValue40,00024,00014,4008,6405,1845,000BookValue40,00028,00019,60013,7209,3605,000chapter9chapter9E9.4a1Depreciation Schedule:Straight-Line Method Jansing Corporationa2Depreciation Schedule:200% Declini

17、ng-Balance Method Jansing Corporationa3Depreciation Schedule:150% Declining-Balance Method Jansing Corporationb.Both accelerated methods result in a higher depreciation expense than the straight-linemethod in the first two years of the assets life. This pattern reserves in years 2009-2011.After four

18、 years,99% of the assets total depreciation expense has been recorded under the 200%declining-balance method,as compared to only 88% under the 150% declining balance method.400,00020,600,000BookValue16,00015,40014,60013,80013,000BookValue16,00015,20013,68012,31211,081BookValue16,000E9.11a.b.Property

19、,Plant,& Equipment:c.No.Because only 40,000 tons of ore has been sold during the year and are deducted from therevenue.The rest of the 50,000 tons of ore is still record as inventory.d.The journal in part a increase the current ratio. Because, as a current asset, the inventoryof this company inc

20、rease as a result of the record in part a.But I dont think it has a realeffect on the companys liquidity.Because the inventory cannot be sold immediately,and itsless liquid than cash.P9.3 a.1Depreciation Schedule:Straight-Line Method with the Nearest Whole Month ConventionSmart Hardware Apr1,2009-20

21、12a.2Depreciation Schedule:200% Declining-Balance Method with Half Year ConventionSmart Hardware Apr1,2009-2012a3Depreciation Schedule:150% Declining-Balance Method with Half Year ConventionSmart Hardware Apr1,2009-201215,40014,24513,17712,1899,0008,009,000BookValue350,000297,500252,875214,944BookValue75,00060,000b.Accelerated depreciation method result in higher changes to depreciation expense early in theassets life and, therefore, lower reported net income than straight-line depreciation.Toappear as profitable as possible,the company can use straight-line depreciation in theirfinancial s