Chapter 11 Depreciation Impairments and Depletion

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CHAPTER 11 Depreciation, Impairments, and Depletion ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Topics 1. Depreciation methods; meaning of depreciation; choice of depreciation methods. Computation of depreciation. Depreciation base. Errors; changes in estimate. Depreciation of partial periods. Composite method. Impairment of value. Depletion. Ratio analysis. Questions 1, 2, 3, 4, 5, 6, 14, 20, 21, 22, 23 7, 8, 9, 10, 14 6 13 15 11, 12 16, 17, 18, 19 22, 23, 24, 25, 26, 27 28 29 1, 2, 3, 4 Brief Exercises Exercises 1, 2, 3, 4, 5, 8, 14, 15 Problems 1, 2, 3 Concepts for Analysis 1, 2, 3, 4, 5 2. 1, 2, 3, 4, 5, 6, 7, 10, 14, 15 8, 17 11, 12, 13, 14 3, 4, 5, 7, 15 9 16, 17, 18 19, 20, 21, 22, 23 24 25, 26 1, 2, 3, 4, 11, 12 1, 2, 3 3, 4 1, 2, 3, 8, 10, 11 1, 2, 3 3. 4. 5. 6. 7. 8. 9. 5 7 3, 4 6 8 9 10 11 3 3 2 9 5, 6, 7 *10. Tax depreciation (MACRS). 12 *This material is covered in an Appendix to the chapter. 11-1 ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE) Learning Objectives 1. 2. Explain the concept of depreciation. Identify the factors involved in the depreciation process. Compare activity, straight-line and decreasingcharge methods of depreciation. Explain special depreciation methods. Explain the accounting issues related to asset impairment. Explain the accounting procedures for depletion of natural resources. Explain how to report and analyze property, plant, equipment, and natural resources. Describe income tax methods of depreciation. 2, 3, 4, 5, 7 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 1, 2, 3, 4, 8, 10, 11, 12 1, 2, 3, 4, 5, 8, 10, 11, 12 Brief Exercises Exercises Problems 3. 2, 3, 4, 5 4. 5. 6. 7. *8. 1, 6 8 9 10 11 16, 17, 18 19, 20, 21, 22, 23 24 25, 26 12 9 5, 6, 7 11-2 ASSIGNMENT CHARACTERISTICS TABLE Item E11-1 E11-2