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Property, Plant and Equipment (Part 1) : Problem 1: True or False

This document appears to be from an accounting textbook and covers property, plant, and equipment. It includes several problems related to accounting for fixed assets, such as calculating depreciation expense and journal entries. There are multiple choice and computational questions, as well as prompts for classroom discussion. The document provides accounting students with practice problems and exercises on the topic of accounting for long-term tangible assets.

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John Joseph Camba
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89 views3 pages

Property, Plant and Equipment (Part 1) : Problem 1: True or False

This document appears to be from an accounting textbook and covers property, plant, and equipment. It includes several problems related to accounting for fixed assets, such as calculating depreciation expense and journal entries. There are multiple choice and computational questions, as well as prompts for classroom discussion. The document provides accounting students with practice problems and exercises on the topic of accounting for long-term tangible assets.

Uploaded by

John Joseph Camba
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Chapter 15

Property, Plant and Equipment (Part 1)

PROBLEM 1: TRUE OR FALSE

1. 6.
2. 7.
3. 8.
4. 9.
5. 10.

PROBLEM 2: FOR CLASSROOM DISCUSSION


1.

2. 12,950,000
3. 2,539,395

4. 1,142,439

5. Land: 2,460,000
Building: 5,420,000
Machinery: 1,520,000

6.

7. Land: 928,947
New Building: 2,658,840

8. B

9.
10. 900,000

11. 1,372,000

12.

1
PROBLEM 3: EXERCISES: COMPUTATIONAL
1. (1) 94,230
(2) 29,575
(3) 68,000
(4) 108,824

2. Land: 315,400
New Building: 1,049,400

3. Land: 241,500
Warehouse: 276,500
Office Building: 172,500

4.

PROBLEM 4: CLASSROOM ACTIVITIES

Journal entries :)

PROBLEM 5: MULTIPLE CHOICE - THEORY


1. 6.
2. 7.
3. 8.
4. 9.
5. 10.

2
PROBLEM 6: MULTIPLE CHOICE: COMPUTATIONAL
1. A

2. A

3. C
4. D
5. A

6. B

7. C

8. B

9. C

10. D

11. A
12. C

13. C

14. D

15. A

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