Financial Accounting: An Integrated Statements Approach, 2nd Edition

chapter

CHAPTER OUTLINE LEARNING GOALS IN-TEXT EXERCISES AND PROBLEMS

Fixed Assets and Intangible Assets

Nature of Fixed Assets

• Classifying Costs


• The Cost of Fixed Assets


• Capital and Revenue Expenditures

Learning Goal 1: Define, classify, and

account for the cost of fixed assets.

Exercises

9-1, 9-2, 9-3, 9-4, 9-5, 9-6, 9-7,

9-8, 9-9, 9-10

Accounting Application Problems

9-1A, 9-5A, 9-1B, 9-5B

Accounting for Depreciation

• Factors in Computing Depreciation
  Expense


• Straight-Line Method


• Units-of-Production Method


• Double-Declining-Balance Method


• Comparing Depreciation Methods


• Depreciation for Federal Income Tax


• Revising Depreciation Estimates

Learning Goal 2: Compute deprecia-

tion, using the following methods:

straight-line, units-of-production,

and declining balance.

Exercises

9-11, 9-12, 9-13, 9-14, 9-15, 9-16,

9-17, 9-18, 9-19

Accounting Application Problems

9-2A, 9-3A, 9-4A, 9-2B, 9-3B, 9-4B

Fixed Asset Disposals

• Discarding Fixed Assets


• Selling Fixed Assets

Learning Goal 3: Account for the

disposal of fixed assets.

Exercises

9-20, 9-21

Accounting Application Problems

9-4A, 9-5A, 9-4B, 9-5B

Intangible Assets

• Patents


• Copyrights and Trademarks


• Goodwill

Learning Goal 4: Describe and

account for intangible assets, such as

patents, copyrights, and goodwill.

Exercises

9-22, 9-23, 9-24, 9-25, 9-26, 9-27

Accounting Application Problems

9-5A, 9-5B

Reporting Fixed Assets
and Intangible Assets

Learning Goal 5: Describe how

depreciation expense is reported in

an income statement, and prepare

a balance sheet that includes fixed

assets and intangible assets.

Exercises

9-26, 9-27

Analyzing Fixed Assets

• Operational Utilization Analysis


• Financial Utilization Analysis

Learning Goal 6:Analyze the

utilization of fixed assets.

Exercises

9-28, 9-29

Accounting Application Problems

9-6A, 9-6B

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