University of Belize
Intermediate Accounting
Test 2 – April 2023
TEST 2 IS PROBLEM BASED
10 PROBLEMS @ 10 PTS EACH = 100 PTS
10 MC @ 1 PT
= 1O PTS
PROBLEMS
1) COSTS TO BE INCLUDED IN FIXED ASSETS AS PER PPT AND TEXT SLIDES 9, 10 – PEARSON,
564/1473
2) Lump sum (basket) purchase see ppt slide 14, 15 text 572/1473
3) Purchase with Non interest bearing Note see PPT Slide 18 to slide 21 Text 573/1473
4) Asset Retirement Obligation see text 567 /1473
5) Goodwill see PPT 113 to 118 Text 570/1473
6) Depreciation methods – Straight line, DDB, SYD, depletion – productive output see Slides 62-83
text Chpt 11 622-627/1473
7) Purchase issuing shares text 575
8) Exchanges – text 578 Appendix A Slide 171