SOLUTION Doc. ACC 291 Week 2. Brief Exercise 9-11. Do it Review 9-5. Exercise 9-7. Exercise 9-8. BYP 9-1. BYP 9-2.

WORD DOCUMENT SOLUTION :ACC 291 Week 2. Brief Exercise 9-11. Do it Review 9-5. Exercise 9-7. Exercise 9-8. BYP 9-1. BYP 9-2.

Suppose NIke inc. reported the following plant assets and intangible assets for the year ended may 31, 2014 (in Millions)....

Match the statement...

wang corporation has delivery equipment...

here are selected 2014 transactions of cleland corporation...

Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Cleland Corporation uses straight-line depreciation. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is ent
Depreciation is computed for financial reporting purposes by use of the straight-line method based on the useful lives of 20 to 35 years for building and 5 to 25 years for machinery and equipment. Depreciation expenses was $19,229, $18,279 and $17,862 in 2011, 2010 and 2009, respectively.
ered. Do not indent manually.)

What were the total cost and book value of property, plant, and equipment at December 31, 2011

What was the amount of depreciation expense for each of the 3 years 2009–2011? (Hint: Use the statement of cash flows.)(Enter the amounts in thousands.)

Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased (capital expenditures) in 2011 and 2010? (Enter the amounts in thousands.)

The financial statements of The Hershey Company and Tootsie Roll are presented below.

Based on the information in these financial statements and the accompanying notes and schedules, compute the following values for each company in 2011. (Round all percentages to 1 decimal places, e.g. 15.1% and asset turnover ratio to 2 decimal places, e.g. 15.21.)

At December 31, 2014, Navaro Corporation reported the following plant assets.

Navaro uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Prepare the plant assets section of Navaro’s balance sheet at December 31, 2015. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2015 transactions.) (List Plant Assets in order of Land, Building and Equipment.)

Presented below is an aging schedule for Bosworth Company.

Journalize the adjusting entry for bad debts at December 31, 2013.
(Credit account titles are automatically indented when amount is entered. Do not indent manually.)