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Solutions Manual for Accounting Principles, 9th Canadian Edition, 9e (Volume 2) By Jerry Weygandt, Donald Kieso, Paul Kimmel, Trenholm, Warren, Novak (All Chapters)
CHAPTER 9
Long-Lived Assets
Learning Objectives
- Calculate the cost of property, plant, and equipment.
- Apply depreciation methods to property, plant, and
- Explain the factors that cause changes in periodic
- Demonstrate how to account for property, plant, and
- Record natural resource transactions and compute depletion.
- Identify the basic accounting issues for intangible assets and
- Illustrate the reporting and analysis of long-lived assets.
equipment.
depreciation and calculate revised depreciation for property, plant, and equipment.
equipment disposals.
goodwill.
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Solutions Manual for Accounting Principles, 9th Canadian Edition, 9e (Volume 2) By Jerry Weygandt, Donald Kieso, Paul Kimmel, Trenholm, Warren, Novak (All Chapters)
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
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Solutions Manual for Accounting Principles, 9th Canadian Edition, 9e (Volume 2) By Jerry Weygandt, Donald Kieso, Paul Kimmel, Trenholm, Warren, Novak (All Chapters)
Legend: The following abbreviations will appear throughout the solutions
manual file.
LO Learning objective BT Bloom's 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
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Solutions Manual for Accounting Principles, 9th Canadian Edition, 9e (Volume 2) By Jerry Weygandt, Donald Kieso, Paul Kimmel, Trenholm, Warren, Novak (All Chapters)
ASSIGNMENT CLASSIFICATION TABLE
Learning Objectives
Questions Brief Exercises
Exercises Problems Set A Problems Set B
- Calculate the cost of
property, plant, and equipment.
1, 2, 3, 4,
5
1, 2, 3, 4 1, 2, 3, 12 1, 2, 3, 4,
7
1, 2, 3, 4,
7
- Apply depreciation methods
to property, plant, and equipment.
6, 7, 8, 9, 5, 6, 7, 8,
9, 10
2, 3, 4, 5,
6, 7, 14,
17
2, 3, 5, 7,
8, 9, 10
2, 3, 5, 7,
8, 9, 10,
13
- Explain the factors that cause
changes in periodic depreciation and calculate revised depreciation for property, plant, and equipment.
9, 10, 11,
12, 13,
11, 12 8, 9, 10 4, 6, 7, 13 4, 6, 7
- Demonstrate how to account
for property, plant, and equipment disposals.
14, 15,
16, 17,
13, 14, 15 11, 12 7, 8, 9,
10
7, 8, 9,
10
- Record natural resource
transactions and calculate depletion.
18, 19, 20 16, 17 13 13 13
- Identify the basic accounting
issues for intangible assets and goodwill.
21, 22 18, 19 14, 15, 16 11, 12 11, 12
- Illustrate the reporting and
analysis of long-lived assets.
23, 24 17, 19, 20,
21
17, 18 10, 12,
13, 14
10, 12,
13, 14
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