Solutions Manual
zl 10.1 Chapter 10
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© 2022 John W iley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
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,SOLUTION MANUAL FOR zl zl
Accounting Principles, Volume 2, 10th Canadian Edition Jerry J. W eygandt, Paul
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D. Kimmel, Jill E. Mitchell, Valerie Warren, Lori Novak
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Chapter 9-18 zl
CHAPTER 9 zl
Long-Lived Assets zl
Learning Objectives zl
1. Calculate the cost of property, plant, and equipment. zl zl zl zl zl zl zl
2. Apply depreciation methods to property, plant, and e
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quipment.
3. Explain the factors that cause changes in periodic depreciatio
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n and calculate revised depreciation for property, plant, and eq
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uipment.
4. Demonstrate how to account for property, plant, and e zl zl zl zl zl zl zl zl
quipment disposals. zl
5. Record natural resource transactions and compute depletion.
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6. Identify the basic accounting issues for intangible assets and go
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odwill.
7. Illustrate the reporting and analysis of long-lived assets.
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Solutions Manual
zl 10.2 Chapter 10 zl
© 2022 John W iley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
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,Summary of Questions by Learning Objectives and Bloom‘s Taxonomy
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Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT
Questions
1. 1 K 6. 2 C 11. 3 C 16. 4 K 21. 6 C
2. 1 K 7. 2 K 12. 3 K 17. 4 C 22. 6 C
3. 1 C 8. 2 C 13. 3 C 18. 5 K 23. 7 K
4. 1 C 9. 2,3 K 14. 4 C 19. 5 C 24. 7 C
5. 1 C 10. 3 C 15. 4 C 20. 6 C
Brief Exercises
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1. 1 AP 6. 2 AP 11. 3 AP 16. 5 AP 21. 7 AN
2. 1 AP 7. 2 AP 12. 3 AP 17. 5,7 AP
3. 1 K 8. 2 AP 13. 4 AP 18. 6 AP
4. 1 AP 9. 2 AP 14. 4 AP 19. 6,7 AP
5. 2 AP 10. 2 AP 15. 4 AP 20 7 AP
Exercises
1. 1 AP 5. 2 AP 9. 3 AP 13. 5 AP 17 2,7 AP
2. 1,2 AP 6. 2 AP 10. 3 AP 14. 1,2,6 AP 18. 7 AN
3. 1,2 C 7. 2 AP 11. 4 AP 15. 6 AP
4. 2 AP 8 3 AP 12. 4 AP 16. 6 AP
Problems
1. 1 AP 4. 1,3 AP 7. 1,2,3,4 AP 10. 2,4,7 AP 13. 3,5,7 AP
2. 1,2 AP 5. 2 AP 8. 2,4 AP 11. 6 AP 14. 7 AN
3. 1,2 AP 6. 3 AP 9. 2,4 AP 12. 6,7 AP
Solutions Manual
zl 10.3 Chapter 10 zl
© 2022 John W iley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
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, Legend: The following abbreviations will appear throughout the solutions ma
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nual file. zl
LO Learning objective zl
Bloom's
BT Taxonomy
K Knowledge
C Comprehension
AP Application
AN Analysis
S Synthesis
E Evaluation
Difficulty: Level of difficulty
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S Simple
M Moderate
C Complex
Time: Estimated time to complete in minutes zl zl zl zl zl
AACSB Association to Advance Collegiate Schools of Businesszl zl zl zl zl zl
Communication Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
Diversity Diversity
Reflec. Thinking Reflective Thinking
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CPA CM zl CPA Canada Competency Map
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Ethics Professional and Ethical Behaviour zl zl zl
PS and DM
zl Problem-Solving and Decision-Making
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Comm. Communication
Self-Mgt. Self-Management
Team & Lead zl Teamwork and Leadership
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Reporting Financial Reporting zl
Stat. & Gov.
zl Strategy and Governance
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Mgt. Accounting
zl Management Accounting zl
Audit Audit and Assurance zl zl
Finance Finance
Tax Taxation
Solutions Manual
zl 10.4 Chapter 10 zl
© 2022 John W iley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
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zl 10.1 Chapter 10
zl
© 2022 John W iley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl
,SOLUTION MANUAL FOR zl zl
Accounting Principles, Volume 2, 10th Canadian Edition Jerry J. W eygandt, Paul
zl zl zl zl zl zl zl zl zl zl zl
D. Kimmel, Jill E. Mitchell, Valerie Warren, Lori Novak
zl zl zl zl zl zl zl zl
Chapter 9-18 zl
CHAPTER 9 zl
Long-Lived Assets zl
Learning Objectives zl
1. Calculate the cost of property, plant, and equipment. zl zl zl zl zl zl zl
2. Apply depreciation methods to property, plant, and e
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quipment.
3. Explain the factors that cause changes in periodic depreciatio
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n and calculate revised depreciation for property, plant, and eq
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uipment.
4. Demonstrate how to account for property, plant, and e zl zl zl zl zl zl zl zl
quipment disposals. zl
5. Record natural resource transactions and compute depletion.
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6. Identify the basic accounting issues for intangible assets and go
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odwill.
7. Illustrate the reporting and analysis of long-lived assets.
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Solutions Manual
zl 10.2 Chapter 10 zl
© 2022 John W iley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl zl
,Summary of Questions by Learning Objectives and Bloom‘s Taxonomy
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Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT
Questions
1. 1 K 6. 2 C 11. 3 C 16. 4 K 21. 6 C
2. 1 K 7. 2 K 12. 3 K 17. 4 C 22. 6 C
3. 1 C 8. 2 C 13. 3 C 18. 5 K 23. 7 K
4. 1 C 9. 2,3 K 14. 4 C 19. 5 C 24. 7 C
5. 1 C 10. 3 C 15. 4 C 20. 6 C
Brief Exercises
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1. 1 AP 6. 2 AP 11. 3 AP 16. 5 AP 21. 7 AN
2. 1 AP 7. 2 AP 12. 3 AP 17. 5,7 AP
3. 1 K 8. 2 AP 13. 4 AP 18. 6 AP
4. 1 AP 9. 2 AP 14. 4 AP 19. 6,7 AP
5. 2 AP 10. 2 AP 15. 4 AP 20 7 AP
Exercises
1. 1 AP 5. 2 AP 9. 3 AP 13. 5 AP 17 2,7 AP
2. 1,2 AP 6. 2 AP 10. 3 AP 14. 1,2,6 AP 18. 7 AN
3. 1,2 C 7. 2 AP 11. 4 AP 15. 6 AP
4. 2 AP 8 3 AP 12. 4 AP 16. 6 AP
Problems
1. 1 AP 4. 1,3 AP 7. 1,2,3,4 AP 10. 2,4,7 AP 13. 3,5,7 AP
2. 1,2 AP 5. 2 AP 8. 2,4 AP 11. 6 AP 14. 7 AN
3. 1,2 AP 6. 3 AP 9. 2,4 AP 12. 6,7 AP
Solutions Manual
zl 10.3 Chapter 10 zl
© 2022 John W iley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
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, Legend: The following abbreviations will appear throughout the solutions ma
zl zl zl zl zl zl zl zl zl
nual file. zl
LO Learning objective zl
Bloom's
BT Taxonomy
K Knowledge
C Comprehension
AP Application
AN Analysis
S Synthesis
E Evaluation
Difficulty: Level of difficulty
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S Simple
M Moderate
C Complex
Time: Estimated time to complete in minutes zl zl zl zl zl
AACSB Association to Advance Collegiate Schools of Businesszl zl zl zl zl zl
Communication Communication
Ethics Ethics
Analytic Analytic
Tech. Technology
Diversity Diversity
Reflec. Thinking Reflective Thinking
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CPA CM zl CPA Canada Competency Map
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Ethics Professional and Ethical Behaviour zl zl zl
PS and DM
zl Problem-Solving and Decision-Making
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Comm. Communication
Self-Mgt. Self-Management
Team & Lead zl Teamwork and Leadership
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Reporting Financial Reporting zl
Stat. & Gov.
zl Strategy and Governance
zl zl zl
Mgt. Accounting
zl Management Accounting zl
Audit Audit and Assurance zl zl
Finance Finance
Tax Taxation
Solutions Manual
zl 10.4 Chapter 10 zl
© 2022 John W iley & Sons Canada, Ltd. Unauthorized copying, distribution, or transmission of this page is prohibited.
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