Nama : Rahma Nabila

NIM : 1705624024
Kelas : Manajemen C
Tugas : Akutansi

E 9.1 (LO 1)
a. Explain the application of the historical cost principle in determining the acquisition cost of plant assets.
Under the historical cost principle, the cost of an item of property and equipment includes all expenditures necessary to Berdasarkan prinsip biaya historis, biaya perolehan suatu aset tetap meliputi seluruh pengeluaran yang diperlukan
acquire the asset and make it ready for its intended use. Fixed assets should be recorded at cost, which includes all untuk memperoleh aset tetap dan membuatnya siap untuk digunakan sesuai dengan maksud penggunaannya.
expenditures necessary to acquire and prepare the fixed asset for its intended use. Biaya perolehan aset tetap harus dicatat sebesar biaya perolehan, yang meliputi semua pengeluaran yang
diperlukan untuk memperoleh dan mempersiapkan aset tetap tersebut agar siap digunakan.
For example, the cost of a factory machine includes the purchase price, transportation costs paid by the buyer, Sebagai contoh, biaya perolehan mesin pabrik meliputi harga pembelian, biaya pengangkutan yang dibayarkan
insurance costs during transportation, installation costs, and other necessary cost oleh pembeli, biaya asuransi selama pengangkutan, biaya pemasangan, dan biaya lain yang di perlukan.

b. List the numbers of the foregoing transactions and opposite each indicate the account title to which each expenditure should be debited

1 Paid W5,000 of accrued taxes at time plant site was acquired Land
2 Paid W400 insurance to cover possible accident loss on new
Factory Machinery
factory machinery while the machinery was in transit
3 Paid W850 sales taxes on new delivery truck Delivery equipment
4 Paid W17,500 for parking lots and driveways on new plant site Land Improvements
5 Paid W310 to have company name and advertising slogan
Delivery equipment
painted on new delivery truck
6 Paid W8,000 for installation of new factory machinery Factory Machinery
7 Paid W900 for one-year accident insurance policy on new
Prepaid Insurance
delivery truck
8 Paid W90 motor vehicle license fee on the new truk License Expense
E9.9 (LO 2)
a. Compute the revised annual depreciation on each aset in 2020 (Show Computation)

Type of asset Building Warehouse

Book Value, 2020 £ 610.000 £ 82.000
Less: Residual value £ 18.000 £ 3.700
Depreciable cost £ 592.000 £ 78.300

Remaining useful life in years £ 40 £ 15

Revised annual depreciation £ 14.800 £ 5.220

b. Prepare the entry (or entries) to record depreciation on the building in 2020

December 31 Depreciation Expense £ 14.800

Accumulated Depreciation Buildings £ 14.800
E9.16 (LO 4)
Prepare the necessary entries to record these intangibles. All costs incurred were for cash
Make the adjusting entries as of December 31, 2020, recording any necessary amortization and refl ecting all
balances accurately as of that date

Date Explanation Debit Kredit

01/02/2020 Patents $ 560.000
Cash $ 560.000
04/01/2020 Goodwill $ 360.000
Cash $ 360.000
07/01/2020 Franchises $ 440.000
Cash $ 440.000
11/01/2020 Research and Development Expense $ 448.000
Cash $ 448.000
12/31/2020 Amortization Expense $ 107.500
(560.000 : 7) + [(440.000 : 8) x 1/2]
Patents $ 80.000
Franchises $ 27.500
Amount $ 1.915.500 $ 1.915.500
P9.1 (LO1)
Analyze the foregoing transactions using the following column headings. Insert the number of each
transaction in the Item column, and then insert the amounts in the other appropriate columns.
For amounts entered in the Other Accounts column, also indicate the account titles.

Item Land Building Other Accounts

1 $ 6.600,00
2 $ 780.000,00
3 5.000 Property Taxes Expense
4 $ 145.000,00
5 $ 35.000,00
6 $ 10.500,00
7 $ 2.800,00
8 14.000 Land Improvement
9 $ 15.000,00
10 $ 3.600,00
Amount $ 173.000,00 $ 825.500,00 $ 19.000,00
P9.5 (LO 2, 3, 5)
a. Journalize the above transactions. The company uses straight-line depreciation for buildings and b. Record adjusting entries for depreciation for 2020.
equipment. The buildings are estimated to have a 50-year life and no residual value. The equipment
is estimated to have a 10-year useful life and no residual value. Update depreciation on assets dis- Jimenez Enterprises
posed of at the time of sale or retirement. Adjusment Jurnal
Jimenez Enterprises Decemner 31,2020
Adjusment Jurnal Date Explanation Reff Debit Kredit
Decemner 31,2020 Dec 31 Depreciation Expense $ 530.000
Date Explanation Reff Debit Kredit Accumulated Depreciation Building $ 530.000
April 1 Land $ 2.200.000 (26.500,000 x 1/50)
Cash $ 2.200.000 31 Depreciation Expense $ 3.997.500
May 1 Depreciation Expense $ 25.000 Accumulated Depreciation Equipment $ 3.997.500
Accumulated Depreciation Equipment $ 25.000 A mount $ 4.527.500 $ 4.527.500
(750.000 x 1/10 x 4/12)
Cash $ 466.000 (38.750.000 x 1/10) € 3.875.000,00
Accumulated Depreciation Equipment $ 325.000 [(2.450.000 x 1/10) x 6/12] € 122.500,00
Equipment $ 750.000 Rp3.997.500,00
Gain on Dispodisal of plant Assets $ 41.000 *(40.000.000 - 750.000 - 500.000)
June 1 Cash $ 1.800.000
Land $ 300.000
Gain on Dispodisal of plant Assets $ 1.500.000
July 1 Equipment $ 2.450.000 c. Prepare the plant assets section of Jimenez’s statement of fi nancial position at December 31, 2020
Cash $ 2.450.000 Land Buildings
Dec 31 Depreciation Expense $ 50.000 Jimenez Enterprises Balance € 3.000.000,00 June 1 € 300.000,00 Balance € 26.500,00
Accumulated Depreciation Equipment $ 50.000 Partial Statement of Finansial Position Apr-01 € 2.200.000,00 € 26.500,00
(500.000 x 1/10) December 31,2020
Accumulated Depreciation Equipment $ 500.000 Plant Aset € 4.900.000,00
Equipment $ 500.000 Land € 4.900.000
Amount $ 7.816.000 $ 7.816.000 Buildings € 26.500.000
Less: Accumulated Depreciation Equipment € 12.630.000 € 13.870.000 Accumulated Depreciation Buildings equipment
Cost € 500.000 Balance € 12.100.000,00 Balance € 40.000.000,00 May 1 € 750.000,00
Accumulated Depreciation Equipment € 500.000 Equipment € 41.200.000 Dec 31 € 530.000,00 July 1 € 2.450.000,00 Dec 31 € 500.000,00
(500.000 x 1/10 x 10) Less: Accumulated Depreciation Equipment € 8.247.500 € 32.952.500 € 12.630.000,00
Book value € - Total Plant Assets € 51.722.500 € 41.200.000,00