Soal latihan
A1034 Akuntansi Menengah
Pertemuan 23 & 24
Non current operating assets are recorded initially at cost. All of the following would be
considered part of the cost of obtaining land, except:
a. commissions.
b. surveying costs.
c. clearing and grading.
d. landscaping.
When a building or equipment are constructed for its own use, the interest during
construction may be capitalized. All of the following must be known, except:
a. interest rate for any specific borrowing.
2.
b. weighted-average interest rate from other debt.
c. the total amount of interest.
d. interest payment dates.
The term "avoidable interest" per SFAS 34, "Capitalization of Interest," refers to:
a. interest that was deferred.
3.
b. interest that was accrued.
Interest that would have been avoided had a construction project
c. not been undertaken.
d. the amount capitalized.
4. Assume the following debt has been outstanding all year; $1,000,000, 10% 3-year
construction loan; $2,000,000, 9% mortgage payable, and a $3,000,000, 8%, notes payable.
Compute the amount of 'weighted-average interest rate of other debt'.
a. 10.0%
b. 9.0%
c. 8.4%
d. 8.0%
Property acquired through donation should be recorded at:
a. book value of donee.
5.
b. book value of donor.
c. appraised fair market value.
d. $0
Valuable resources discovered on land already owned should generally be:
a. not recorded.
6.
included as part of land based on the fair market value of
b. discovery.
reported separately based on the fair market value of the
c. discovery.
reported separately based on the present value of future net cash
d. flows.
Most research and development costs are expensed as incurred. However, FASB has
allowed research and development costs deemed technologically feasible to be capitalized
in what industry?
7.
a. manufacturing
b. entertainment
c. computer software
d. computer hardware
All of the following are considered an identifiable asset, except:
a. equipment
8.
b. patents
c. land
d. goodwill
Negative goodwill exists when the amount paid for a company is less than the fair value of
the net assets of the acquired company. Negative goodwill should be:
a. ignored.
9.
b. the entire excess recorded as negative goodwill.
a reduction of noncurrent assets (except long-term investments)
c. and the excess ignored.
a reduction of noncurrent assets (except long-term investments)
d. and the excess recorded as negative goodwill.
In general, costs that increase the usefulness of an old asset should be:
a. added to the cost.
10.
b. treated as a deduction form accumulated depreciation.
c. expensed as incurred.
d. ignored.