Академический Документы
Профессиональный Документы
Культура Документы
www.SPA-FEUI.com
MOJAKOE
Akuntansi Keuangan 1
Twitter: @spafeui
Page 1 of 8
www.SPA-FEUI.com
$3,600,000
5,400,000
4,500,000
In order to help finance the construction, Shy issued the following during 2010:
1. $3,000,000 of 10-year, 9% bonds payable, issued at par on May 31, 2010, with interest payable
annually on May 31.
2. 1,000,000 shares of no-par ordinary shares, issued at $10 per share on October 1, 2010.
In addition to the 9% bonds payable, the only debt outstanding during 2010 was a $750,000, 12% note
payable dated January 1, 2006 and due January 1, 2016, with interest payable annually on January 1.
Instructions
Compute the amounts of each of the following (show computations):
1. Weighted-average accumulated expenditures qualifying for capitalization of interest cost.
2. Avoidable interest incurred during 2010.
3. Total amount of interest cost to be capitalized during 2010.
B. Revaluation (15%)
Page 2 of 8
www.SPA-FEUI.com
Shy Corporation uses revaluation accounting for the above manufacturing facility. The manufacturing
facility has a 20 years useful life with no residual value. The company has the following information
related to the manufacturing facility.
Date
January 1, 2011
December 31, 2011
December 31, 2012
Fair Value
$13,747,500
$13,490,000
$11,700,000
Instructions
(a)
Prepare the journal entries for 2011 related to the manufacturing facility!
(b) Prepare the journal entries for 2012 related to the manufacturing facility! Assume that there
is an indication the manufacturing facility is impaired.
(c)
Determine the amount of depreciation expense that Shy will record on the manufacturing
facility in 2013!
Problem 3: Investment Property and Non Current Assets Held for Sale
A. Investment Property (10%)
In 2010, Kenko Investment Property Group purchased a property in Singapore at a cost of $ 10 million. It
has not determined the usage of the property but considers that the value of the property will increase.
However, due to the the sub-prime loan crisis in the US and worldwide, the fair value of the property
decreases to $ 7.5 million on 31 March 2011. Kenko Yamashida, chairman of the group, proposes to use
Page 3 of 8
www.SPA-FEUI.com
the cost model to avoid any fair value recognised in profit or loss. Evaluate and discuss the proposed
accounting treatment of Kenko.
B. Non Current Assets Held for Sale (15%)
On January 1, 2007, ATA Group acquired a motor vehicle with an estimated useful life of 10 years at $
800,000 (with no residual value and depreciated on a straight line basis). After the receipt of the vehicle
5 days later, ATA decided to sell it. The planned disposal fulfilled the criteria under PSAK 58 (Non Current
Assets Held for Sale), and the fair value less estimated costs to sell is also around $ 800,000. At year end
of 2007, ATA decided to withdraw the sale and use the vehicle for its own use. At that date, ATA
estimated that the recoverable amount may be (1) $ 750,000 or (2) $ 600,000. Calculate the different
financial implications from the two estimates of the recoverable amount.
Page 4 of 8
www.SPA-FEUI.com
JAWABAN
Date
Payment
Capt. Period
WAAE
June 1, 2010
3.600.000
7/12
2.100.000
5.400.000
4/12
1.800.000
4.500.000
13.500.000
3.900.000
Avoidable Interest
Specific Debt = 3.000.000 x 7/12 x 0,09 = 157.500
Other Debt = 750.000 x 0,12 = 90.000
Total Avoidable interest = 247.500
Actual Interest
Specific Debt = 3.000.000 x 7/12 x 0,09 = 157.500
Other Debt = 750.000 x 0,12 = 90.000
Total Actual interest = 247.500
Page 5 of 8
www.SPA-FEUI.com
3.600.000
3.600.000
5.400.000
5.400.000
4.500.000
4.500.000
247.500
247.500
REVALUATION
31/12/11 Depreciation Expense
Accumulated Depreciation
Accumulated Depreciation
Unrealized Gain on Reval.
Manufacturing Facility
687.375
687.375
687.375
429.875
257.500
www.SPA-FEUI.com
800
800
720
80
800
600
200
800
4. Lihat Lampiran
Page 7 of 8
5.
a. Cash
www.SPA-FEUI.com
500
Customer Deposit
b. Cash
Sales
Sales Tax Payable
c. Trucks
Sales Tax (Receivable)
Cash
d. Store Parking lots
Restoration Liability
500
798.000
758.100
39.900
114.000
6000
120.000
84.000
84.000
Page 8 of 8
ITEM
Pension Exp
Cash
Beg Bal
MEMO RECORD
Pension Asset/ Liablility
140.000.000 Cr
DBO
1.000.000.000 Cr
Service Cost
130.000.000 Dr
130.000.000 Cr
Int
100.000.000 Dr
100.000.000 Cr
Actual Return
Expect.Ret. (0.12*DBO) =
120,000,000
152.000.000 Cr
Gain/Loss
Unrecog PSC
1.000.000.000 Dr
90.000.000 Dr
Benefit
Corridor Test : 0.1*PA =
100,000,000
150.000.000 Dr
150.000.000 Cr
4.000.000 Cr
4.000.000 Dr
Liability Increase
61.000.000 Cr
90.000.000 Cr
16.000.000
156.000.000 Cr
Dr
JOURNAL
Pension Exp
140.000.000 Cr
32.000.000 Cr
90.000.000 Cr
106.000.000 Dr
Unreg gain/loss
152.000.000 Dr
32.000.000 Dr
Cont
Amor of UGL
Plan Asset
Cr
106.000.000
Cash
90.000.000
Pension Liability
16.000.000
1.141.000.000 Cr
1.092.000.000 Dr
61.000.000 Dr
107.000.000 Cr
156.000.000 Cr