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Student Name:
Class:
Requirement 1:
Balance Balance
12/31/2015 Increase Decrease 12/31/2016
350,000$ 438,000$ 788,000$
180,000 180,000
380,000$
23,000
36,500$
Selling price
Sale of machine on 3/31/2016:
Requirement 2:
Explanations of Amounts:
Cost of land acquired 11/1/2016:
Pell stock exchanged
Legal fees and title insurance
Problem 10-03
McGraw-Hill/Irwin
Instructor
For the Year Ended December 31, 2016
Gain or Loss From Plant Asset Disposals
PELL CORPORATION
Hint: "Increases" come from the "Explanations of Amounts" below the table. "Decreases" come from assets
that have been sold or traded in.
For the Year Ended December 31, 2016
Analysis of Change in Plant Assets
PELL CORPORATION
Land
Land improvements
Plant Accumulated
Assets Depreciation
350,000$ $ -
180,000 45,000
Balances at December 31, 2015:
PELL CORPORATION
Given Data P10-03:
Land
Land improvements
Plant asset and accumulated depreciation accounts
Student Name:
Class:
1,000,000$ 12/ 12 1,000,000$
3,205,000$ 9/ 93,205,000$
4,960,000$
Accumulated expenditures 9/30/14,
before interest capitalization
Requirement 2:
Expenditures for 2017:
2017
January 1, 2017
2016
Instructor
Calculations
MASON MANUFACTURING COMPANY
Problem 10-09
McGraw-Hill/Irwin
Requirement 1:
Expenditures for 2016:
January 1, 2016
1,000,000$
600,000
3,000,000$
10%
Construction loan amount
Construction loan interest rate
MASON MANUFACTURING COMPANY
Given Data P10-09:
January 1, 2016
March 1, 2016
Student Name:
Class:
1,000,000$ 12/ 12 1,000,000$
Correct!
3,000,000$ 10% 300,000$
Expenditures for 2017:
3,160,925$ 9/ 93,160,925$
3,000,000$ 10% 300,000$
4,000,000 6% 240,000
Accumulated expenditures 9/30/2017,
Requirement 3:
Requirement 2:
January 1, 2017
2017
Weighted average of all debt:
2016
Instructor
Problem 10-10
McGraw-Hill/Irwin
Calculations
MASON MANUFACTURING COMPANY
2016
Requirement 1:
January 1, 2016
Expenditures for 2016:
1,000,000$
600,000
3,000,000$
10%
Construction loan amount
Construction loan interest rate
Given Data P10-10:
MASON MANUFACTURING COMPANY
January 1, 2016
March 1, 2016
