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Accounting What The Numbers Mean 11th Edition Marshall Test Bank Full Chapter PDF
Accounting What The Numbers Mean 11th Edition Marshall Test Bank Full Chapter PDF
1. When a firm buys land on which there is a building, and the building is torn down so that an
appropriate new building can be constructed on the land:
A. any of the purchase cost allocated to the old building is reported as a loss.
B. the cost assigned to the land excludes the cost of the old building.
C. the total cost of the land and old building are capitalized as land cost.
D. any of the purchase cost allocated to the old building is capitalized as part of the cost of the
new building.
A. are made for normal repairs to maintain the usefulness of the asset over a number of years.
B. are for items that have a physical life of more than a year, regardless of their cost.
C. are material in amount and that have an economic benefit to the entity only in the current year.
D. are material in amount and that have an economic benefit to the entity that extends beyond the
current year.
6-1
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3. Which of the following accounting concepts/principles is most significant in the development of a
capitalization policy?
4. Which of the following statements best describes the process of accounting for depreciation?
A. A process that attempts to recognize loss in economic value over a period of time.
B. A process for setting aside cash so funds will be available to replace the asset.
C. A process for recognizing the cost of an asset that should be matched against revenue earned
as a result of using the asset.
D. A process for recognizing all of the cost associated with using an asset in a revenue
generating activity.
6-2
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McGraw-Hill Education.
7. It is not unusual for a company to use different depreciation methods for book and tax purposes.
When this happens, the firm usually:
A. the net book value of the asset halfway through its useful life will be less than if straight-line
depreciation is used.
B. the net book value of the asset at the end of its useful life will be less than if straight-line
depreciation is used.
C. depreciation expense will be less in the early years of the asset's life than if straight-line
depreciation is used.
D. the accumulated depreciation account balance will increase by a larger amount in the last half
of an asset's life than if straight-line depreciation is used.
6-3
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McGraw-Hill Education.
10. Moped, Inc. purchased machinery at a cost of $44,000 on January 1, 2017. The expected useful
life is 5 years and the asset is expected to have salvage value of $4,000. Moped depreciates its
assets using the double-declining balance method.
What is the firm's depreciation expense for the year ended December 31, 2017?
A. $4,000
B. $8,800
C. $12,000
D. $17,600
11. Moped, Inc. purchased machinery at a cost of $44,000 on January 1, 2017. The expected useful
life is 5 years and the asset is expected to have salvage value of $4,000. Moped depreciates its
assets using the double-declining balance method.
What is the accumulated depreciation for this asset on December 31, 2018?
A. $8,800
B. $10,560
C. $17,600
D. $28,160
12. Moped, Inc. purchased machinery at a cost of $44,000 on January 1, 2017. The expected useful
life is 5 years and the asset is expected to have salvage value of $4,000. Moped depreciates its
assets using the double-declining balance method.
What is the firm's gain or loss if the machinery is sold for $22,000 on December 31, 2018?
A. Gain of $8,000
B. Gain of $6,160
C. Loss of $1,200
D. Loss of $8,000
6-4
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McGraw-Hill Education.
13. When a machine having a net book value of $15,000 is sold for $12,000:
A. current assets decrease, equipment (net) increases, and net income increases.
B. current assets increase, equipment (net) decreases, and net income increases.
C. current assets increase, equipment (net) decreases, and net income decreases.
D. current assets increase, equipment (net) increases, and net income decreases.
6-5
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15. Which of the following could be a correct journal entry to record the disposition of equipment?
A. Accounts
Dr.
payable
Accumulated
Cr.
depreciation
Depreciation
Cr.
B. Dr. Cash
Loss on sale
Dr.
of equipment
Accumulated
Dr.
depreciation
Equipment
Cr.
C. Gain on sale
Dr.
of equipment
Accumulated
Dr.
depreciation
Equipment
Cr.
D. Dr. Cash
Loss on sale of
Dr.
equipment
Accumulated
Cr.
depreciation
Cr. Equipment
6-6
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McGraw-Hill Education.
16. The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following
depreciation methods for buildings?
A. 150% declining-balance.
B. Double-declining-balance.
C. Straight line.
D. Buildings are not depreciable assets.
17. The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following
depreciation methods for land?
A. 150% declining-balance.
B. Double-declining-balance.
C. Straight line.
D. Land is not a depreciable asset.
18. If an organization has an obligation to pay $25,000 to a supplier two years from now, the present
value of the obligation:
A. depreciable assets being reported in the balance sheet at their fair value.
B. accumulating cash for the replacement of the asset.
C. an accurate measurement of the economic usefulness of an asset.
D. spreading the cost of an asset over its useful life to the entity.
6-7
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McGraw-Hill Education.
20. Present Value of $1 Present Value of an
Discount Rate Annuity of $1
Discount Rate
A. $1,232.44
B. $3,079.20
C. $6,000.00
D. $11,691.34
The present value of $6,000 to be received every year for 9 years, at 10%, is:
A. $14,147.60
B. $24,546.00
C. $34,554.00
D. $54,000.00
6-8
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McGraw-Hill Education.
22. Present Value of $1 Present Value of an
Discount Rate Annuity of $1
Discount Rate
A. $3,520
B. $4,668
C. $6,412
D. $7,360
A particular common stock has an annual cash dividend of $4 per share and is predicted to have
a market value of $60 per share 5 years from now. Assuming a discount rate of 10%, a fair
market price for the stock today is:
A. $40.00
B. $52.41
C. $75.16
D. $112.42
6-9
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McGraw-Hill Education.
24. Present Value of $1 Present Value of an
Discount Rate Annuity of $1
Discount Rate
Psyche Company wants to acquire Trim Company. Trim's ROI has been above average for its
industry; net income has averaged $140,000 a year more than the industry average. These
"excess" earnings are expected to continue at this amount for 5 years. Assuming a discount rate
of 8%, how much goodwill will arise from Psyches' purchase of Trim?
A. $81,672
B. $176,314
C. $558,978
D. $700,000
A. Current asset.
B. Property, plant and equipment.
C. Goodwill.
D. Intangible asset.
6-10
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McGraw-Hill Education.
27. Noncurrent, intangible assets such as leasehold improvements, patents, and copyrights are all
subject to:
A. depreciation.
B. amortization.
C. depletion.
D. consolidation.
A. a gain arises if the sales proceeds exceed the net book value.
B. a loss arises if the sales proceeds exceed the net book value.
C. any cash received results in a gain.
D. depreciation expense is adjusted so there is no gain or loss.
29. Goodwill is an asset that arises because the present value of an acquired company's estimated
future earnings, discounted at the acquiring firm's ROI:
A. is less than the fair value of the net assets of the acquired company.
B. is more than the fair value of the net assets of the acquired company.
C. is more than the fair value of the net assets of the acquiring company.
D. is less than the fair value of the net assets of the acquiring company.
6-11
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McGraw-Hill Education.
31. Accounting for natural resources:
32. Which of the following is not a term that describes part of the accounting for noncurrent assets?
A. Accumulation.
B. Depletion.
C. Amortization.
D. Depreciation.
33. Many companies use accelerated depreciation for tax purposes because:
34. Which of the following statements concerning repair and maintenance expenditures is true?
A. Routine repair costs and preventive maintenance expenditures are capitalized as assets in the
period in which they are incurred.
B. For income tax purposes, most taxpayers would prefer to capitalize an expenditure and
depreciate the asset over time rather than expensing the expenditure and deducting the entire
amount in the year it is incurred.
C. Maintenance expenditures that extend the useful life and ∕or increase the salvage value of an
asset should be capitalized and depreciated over the asset's remaining useful life.
D. All repair and maintenance expenditures are accounted for as expenses in the year in which
they are incurred.
6-12
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McGraw-Hill Education.
35. Which of the following statements concerning the accounting for leases is not true?
A. The economic impact of a capital lease isn't really any different from buying the asset outright
and signing a note payable that will be paid off, with interest, over the life of the asset.
B. At the inception of a capital lease, the lessee's total assets and total stockholders' equity are
both increased for the present value of the lease payments to be made over the life of the
lease.
C. Assets rented under an operating lease are not reflected on the lessee's balance sheet, and
the rent expense involved is reported in the income statement as an operating expense.
D. A capital lease results in the lessee assuming virtually all the benefits and risks of ownership of
the leased asset.
Essay Questions
36. Joe's Garage, Inc., purchased a used vehicle lift, brake tester, and wheel aligning equipment for a
lump-sum price of $16,000 from a bankrupt competitor. Appraised values were as follows: vehicle
lift, $20,000; brake tester, $4,000; and wheel aligner, $6,000.
Required:
6-13
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McGraw-Hill Education.
37. Lone Star Sales & Service acquired a new machine that cost $84,000 in early 2016. The machine
is expected to have a five-year useful life and is estimated to have a salvage value of $14,000 at
the end of its life. (Round your final answers to the nearest dollar.)
(a.) Using the straight-line depreciation method, calculate the depreciation expense to be
recognized in the second year of the machine's life and calculate the accumulated depreciation
after the third year of the machine's life.
(b.) Using the double-declining-balance depreciation method, calculate the depreciation expense
for the third year of the machine's life and the net book value of the machine at this point in time.
6-14
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McGraw-Hill Education.
38. Lessee, Inc., acquired the use of a machine by agreeing to pay the manufacturer of the machine
$20,000 per year for 5 years. At the time the lease was signed, the interest rate for a 5-year loan
was 8%.
Required:
(a.) Use the appropriate factor from Table 6-5 to calculate the amount that Lessee, Inc. could
have paid at the beginning of the lease to buy the machine outright.
(b.) What causes the difference between the amount you calculated in part (a.) and the total of
$100,000 ($20,000 per year for 5 years) that Lessee, Inc. will pay under the terms of the lease?
(c.) What is the appropriate amount of cost to be reported in Lessee, Inc's balance sheet (at the
time the lease was signed) with respect to this asset?
6-15
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McGraw-Hill Education.
39. Goodwill results from the purchase of one firm by another for a price that is greater than the fair
value of the net assets acquired. On January 1, 2017, Blue Grass Co. purchased Red Grass Co.
for $2,400,000 when the net assets were valued at $2,000,000. Goodwill will be tested annually
for impairment. Assume that after the first year there was an impairment of $30,000.
Required:
(a.) Compute the value of goodwill to be recorded on the books of Blue Grass Company upon the
purchase of the business.
(b.) What is impairment and how is the first year's impairment recorded in the books?
6-16
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McGraw-Hill Education.
Chapter 06 Accounting for and Presentation of Property, Plant, and
Equipment, and Other Noncurrent Assets Answer Key
1. When a firm buys land on which there is a building, and the building is torn down so that an
appropriate new building can be constructed on the land:
A. any of the purchase cost allocated to the old building is reported as a loss.
B. the cost assigned to the land excludes the cost of the old building.
C. the total cost of the land and old building are capitalized as land cost.
D. any of the purchase cost allocated to the old building is capitalized as part of the cost of the
new building.
A. are made for normal repairs to maintain the usefulness of the asset over a number of
years.
B. are for items that have a physical life of more than a year, regardless of their cost.
C. are material in amount and that have an economic benefit to the entity only in the current
year.
D. are material in amount and that have an economic benefit to the entity that extends beyond
the current year.
6-17
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McGraw-Hill Education.
AICPA: BB Critical Thinking
AICPA: FN Reporting
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 2 Medium
Learning Objective: 06-02 Discuss how the terms capitalize and expense are used with respect to property, plant, and
equipment.
Topic: Land, Buildings and Equipment
4. Which of the following statements best describes the process of accounting for depreciation?
A. A process that attempts to recognize loss in economic value over a period of time.
B. A process for setting aside cash so funds will be available to replace the asset.
C. A process for recognizing the cost of an asset that should be matched against revenue
earned as a result of using the asset.
D. A process for recognizing all of the cost associated with using an asset in a revenue
generating activity.
6-18
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 06-03 Describe alternative methods of calculating depreciation for financial accounting purposes and
compare the relative effects of each on the income statement and the balance sheet.
Topic: Land, Buildings and Equipment
6-19
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McGraw-Hill Education.
7. It is not unusual for a company to use different depreciation methods for book and tax
purposes. When this happens, the firm usually:
6-20
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McGraw-Hill Education.
9. When an accelerated depreciation method is used to calculate depreciation expense:
A. the net book value of the asset halfway through its useful life will be less than if straight-line
depreciation is used.
B. the net book value of the asset at the end of its useful life will be less than if straight-line
depreciation is used.
C. depreciation expense will be less in the early years of the asset's life than if straight-line
depreciation is used.
D. the accumulated depreciation account balance will increase by a larger amount in the last
half of an asset's life than if straight-line depreciation is used.
10. Moped, Inc. purchased machinery at a cost of $44,000 on January 1, 2017. The expected
useful life is 5 years and the asset is expected to have salvage value of $4,000. Moped
depreciates its assets using the double-declining balance method.
What is the firm's depreciation expense for the year ended December 31, 2017?
A. $4,000
B. $8,800
C. $12,000
D. $17,600
6-21
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
AICPA: FN Measurement
Accessibility: Keyboard Navigation
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 06-03 Describe alternative methods of calculating depreciation for financial accounting purposes and
compare the relative effects of each on the income statement and the balance sheet.
Topic: Land, Buildings and Equipment
11. Moped, Inc. purchased machinery at a cost of $44,000 on January 1, 2017. The expected
useful life is 5 years and the asset is expected to have salvage value of $4,000. Moped
depreciates its assets using the double-declining balance method.
What is the accumulated depreciation for this asset on December 31, 2018?
A. $8,800
B. $10,560
C. $17,600
D. $28,160
6-22
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McGraw-Hill Education.
12. Moped, Inc. purchased machinery at a cost of $44,000 on January 1, 2017. The expected
useful life is 5 years and the asset is expected to have salvage value of $4,000. Moped
depreciates its assets using the double-declining balance method.
What is the firm's gain or loss if the machinery is sold for $22,000 on December 31, 2018?
A. Gain of $8,000
B. Gain of $6,160
C. Loss of $1,200
D. Loss of $8,000
13. When a machine having a net book value of $15,000 is sold for $12,000:
A. current assets decrease, equipment (net) increases, and net income increases.
B. current assets increase, equipment (net) decreases, and net income increases.
C. current assets increase, equipment (net) decreases, and net income decreases.
D. current assets increase, equipment (net) increases, and net income decreases.
6-23
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
or abandonment.
Topic: Land, Buildings and Equipment
6-24
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McGraw-Hill Education.
15. Which of the following could be a correct journal entry to record the disposition of equipment?
A. Accounts
Dr.
payable
Accumulated
Cr.
depreciation
Depreciation
Cr.
B. Dr. Cash
Loss on sale
Dr.
of equipment
Accumulated
Dr.
depreciation
Equipment
Cr.
C. Gain on sale
Dr.
of equipment
Accumulated
Dr.
depreciation
Equipment
Cr.
D. Dr. Cash
Loss on sale of
Dr.
equipment
Accumulated
Cr.
depreciation
Cr. Equipment
6-25
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
16. The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following
depreciation methods for buildings?
A. 150% declining-balance.
B. Double-declining-balance.
C. Straight line.
D. Buildings are not depreciable assets.
17. The Modified Accelerated Cost Recovery System (MACRS) specifies which of the following
depreciation methods for land?
A. 150% declining-balance.
B. Double-declining-balance.
C. Straight line.
D. Land is not a depreciable asset.
6-26
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
18. If an organization has an obligation to pay $25,000 to a supplier two years from now, the
present value of the obligation:
A. depreciable assets being reported in the balance sheet at their fair value.
B. accumulating cash for the replacement of the asset.
C. an accurate measurement of the economic usefulness of an asset.
D. spreading the cost of an asset over its useful life to the entity.
6-27
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
20. Present Value of Present Value of an
$1 Discount Rate Annuity of $1
Discount Rate
A. $1,232.44
B. $3,079.20
C. $6,000.00
D. $11,691.34
6-28
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
21. Present Value of Present Value of an
$1 Discount Rate Annuity of $1
Discount Rate
The present value of $6,000 to be received every year for 9 years, at 10%, is:
A. $14,147.60
B. $24,546.00
C. $34,554.00
D. $54,000.00
6-29
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
22. Present Value of Present Value of an
$1 Discount Rate Annuity of $1
Discount Rate
A. $3,520
B. $4,668
C. $6,412
D. $7,360
6-30
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
23. Present Value of Present Value of an
$1 Discount Rate Annuity of $1
Discount Rate
A particular common stock has an annual cash dividend of $4 per share and is predicted to
have a market value of $60 per share 5 years from now. Assuming a discount rate of 10%, a
fair market price for the stock today is:
A. $40.00
B. $52.41
C. $75.16
D. $112.42
6-31
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
24. Present Value of Present Value of an
$1 Discount Rate Annuity of $1
Discount Rate
Psyche Company wants to acquire Trim Company. Trim's ROI has been above average for its
industry; net income has averaged $140,000 a year more than the industry average. These
"excess" earnings are expected to continue at this amount for 5 years. Assuming a discount
rate of 8%, how much goodwill will arise from Psyches' purchase of Trim?
A. $81,672
B. $176,314
C. $558,978
D. $700,000
6-32
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
25. Leasehold is an example of which of the following types of assets?
A. Current asset.
B. Property, plant and equipment.
C. Goodwill.
D. Intangible asset.
6-33
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McGraw-Hill Education.
27. Noncurrent, intangible assets such as leasehold improvements, patents, and copyrights are all
subject to:
A. depreciation.
B. amortization.
C. depletion.
D. consolidation.
A. a gain arises if the sales proceeds exceed the net book value.
B. a loss arises if the sales proceeds exceed the net book value.
C. any cash received results in a gain.
D. depreciation expense is adjusted so there is no gain or loss.
6-34
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
29. Goodwill is an asset that arises because the present value of an acquired company's
estimated future earnings, discounted at the acquiring firm's ROI:
A. is less than the fair value of the net assets of the acquired company.
B. is more than the fair value of the net assets of the acquired company.
C. is more than the fair value of the net assets of the acquiring company.
D. is less than the fair value of the net assets of the acquiring company.
6-35
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
31. Accounting for natural resources:
32. Which of the following is not a term that describes part of the accounting for noncurrent
assets?
A. Accumulation.
B. Depletion.
C. Amortization.
D. Depreciation.
6-36
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McGraw-Hill Education.
33. Many companies use accelerated depreciation for tax purposes because:
34. Which of the following statements concerning repair and maintenance expenditures is true?
A. Routine repair costs and preventive maintenance expenditures are capitalized as assets in
the period in which they are incurred.
B. For income tax purposes, most taxpayers would prefer to capitalize an expenditure and
depreciate the asset over time rather than expensing the expenditure and deducting the
entire amount in the year it is incurred.
C. Maintenance expenditures that extend the useful life and ∕or increase the salvage value of
an asset should be capitalized and depreciated over the asset's remaining useful life.
D. All repair and maintenance expenditures are accounted for as expenses in the year in
which they are incurred.
6-37
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
35. Which of the following statements concerning the accounting for leases is not true?
A. The economic impact of a capital lease isn't really any different from buying the asset
outright and signing a note payable that will be paid off, with interest, over the life of the
asset.
B. At the inception of a capital lease, the lessee's total assets and total stockholders' equity
are both increased for the present value of the lease payments to be made over the life of
the lease.
C. Assets rented under an operating lease are not reflected on the lessee's balance sheet,
and the rent expense involved is reported in the income statement as an operating
expense.
D. A capital lease results in the lessee assuming virtually all the benefits and risks of
ownership of the leased asset.
Essay Questions
6-38
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McGraw-Hill Education.
36. Joe's Garage, Inc., purchased a used vehicle lift, brake tester, and wheel aligning equipment
for a lump-sum price of $16,000 from a bankrupt competitor. Appraised values were as
follows: vehicle lift, $20,000; brake tester, $4,000; and wheel aligner, $6,000.
Required:
6-39
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McGraw-Hill Education.
37. Lone Star Sales & Service acquired a new machine that cost $84,000 in early 2016. The
machine is expected to have a five-year useful life and is estimated to have a salvage value of
$14,000 at the end of its life. (Round your final answers to the nearest dollar.)
(a.) Using the straight-line depreciation method, calculate the depreciation expense to be
recognized in the second year of the machine's life and calculate the accumulated
depreciation after the third year of the machine's life.
(b.) Using the double-declining-balance depreciation method, calculate the depreciation
expense for the third year of the machine's life and the net book value of the machine at this
point in time.
Year Net Book Value Depreciation Accumulated Depreciation Net Book Value
1/1 Expense* 12/31 12/31
6-40
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McGraw-Hill Education.
38. Lessee, Inc., acquired the use of a machine by agreeing to pay the manufacturer of the
machine $20,000 per year for 5 years. At the time the lease was signed, the interest rate for a
5-year loan was 8%.
Required:
(a.) Use the appropriate factor from Table 6-5 to calculate the amount that Lessee, Inc. could
have paid at the beginning of the lease to buy the machine outright.
(b.) What causes the difference between the amount you calculated in part (a.) and the total
of $100,000 ($20,000 per year for 5 years) that Lessee, Inc. will pay under the terms of the
lease?
(c.) What is the appropriate amount of cost to be reported in Lessee, Inc's balance sheet (at
the time the lease was signed) with respect to this asset?
(a.) The cost of the machine at the beginning of the lease is the present value of the lease
payments discounted at the interest rate the lessor would charge. The $20,000 annual lease
payment is an annuity. The present value factor for an annuity of 5 periods at a discount rate
of 8% in Table 6 - 5 is 3.9927. Thus, the present value of the lease payments is: $20,000 *
3.9927 = $79,854.
(b.) The difference between the total amount paid and the present value of the lease
payments is represented by interest of $20,146 in total ($100,000 - $79,854), which would be
recognized as an expense over the life of the lease agreement.
(c.) The cost to be reported in Lessee's balance sheet is the present value of the lease
payments, $79,854.
6-41
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
39. Goodwill results from the purchase of one firm by another for a price that is greater than the
fair value of the net assets acquired. On January 1, 2017, Blue Grass Co. purchased Red
Grass Co. for $2,400,000 when the net assets were valued at $2,000,000. Goodwill will be
tested annually for impairment. Assume that after the first year there was an impairment of
$30,000.
Required:
(a.) Compute the value of goodwill to be recorded on the books of Blue Grass Company upon
the purchase of the business.
(b.) What is impairment and how is the first year's impairment recorded in the books?
6-42
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
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