CHAPTER 10
Plant Assets, Natural Resources, and Intangible Assets
ASSIGNMENT CLASSIFICATION TABLE
Brief Exercises 1, 2 A Problems 1A B Problems 1B

Study Objectives 1. Describe how the cost principle applies to plant assets. Explain the concept of depreciation. Compute periodic depreciation using different methods. Describe the procedure for revising periodic depreciation. Distinguish between revenue and capital expenditures, and explain the entries for each. Explain how to account for the disposal of a plant asset. Compute periodic depletion of natural resources. Explain the basic issues related to accounting for intangible assets.

Questions 1, 2, 3

Exercises 1, 2, 3

2.

4, 5

4

3.

6, 7, 22

3, 4, 5, 6

5, 6, 7

2A, 3A, 4A, 5A 4A

2B, 3B, 4B, 5B 4B

4.

8

7

8

5.

9, 24

8

6.

10, 11

9, 10

9, 10

5A, 6A

5B, 6B

7.

12, 13

11

11

8.

14, 15, 16, 17, 18, 19

12

12, 13

7A, 8A

7B, 8B

10-1

ASSIGNMENT CLASSIFICATION TABLE (Continued)
Brief Exercises 13, 14 A Problems 5A, 7A, 9A B Problems 5B, 7B, 9B

Study Objectives 9. Indicate how plant assets, natural resources, and intangible assets are reported.

Questions 20, 21, 23

Exercises 14

*10. Explain how to account for the exchange of plant assets.

25, 26

15, 16

15, 16

10-2

ASSIGNMENT CHARACTERISTICS TABLE
Problem Number 1A 2A 3A 4A 5A Difficulty Level Simple Simple Moderate Moderate Moderate Time Allotted (min.) 20–30 30–40 30–40 20–30 40–50

Description Determine acquisition costs of land and building. Compute depreciation under different methods. Compute depreciation under different methods. Calculate revisions to depreciation expense. Journalize a series of equipment transactions related to purchase, sale, retirement, and depreciation. Record disposals. Prepare entries to record transactions