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USCPA ?過去問 Fixed asset Inventory exchange

これもよくわからない問題だなあ。。。

Yola Co. and Zaro Co. are fuel oil distributors. To facilitate the delivery of oil to their customers, Yola and Zaro exchanged ownership of 1,200 barrels of oil without physically moving the oil. Yola paid Zaro $30,000 to compensate for a difference in the grade of oil. On the date of the exchange, cost and market values of the oil were as follows:

 Yola Co.Zero Co.
Cost $100,000 $126,000
Market values 120,000 150,000

In Zaro's income statement, what amount of gain should be reported from the exchange of the oil?

  • $0
  • $ 4,800
  • $24,000
  • $30,000

 

とりあえず計算方法としては、

30000 compensation / 150000 Market value of Zero oil 

= 0.2 

 

0.2 x (150000 - 126000)<-- potential gain = 4800 

 

 

USCPA ?過去問 Fixed asset Inventory exchange

これもよくわからない問題だなあ。。。

Yola Co. and Zaro Co. are fuel oil distributors. To facilitate the delivery of oil to their customers, Yola and Zaro exchanged ownership of 1,200 barrels of oil without physically moving the oil. Yola paid Zaro $30,000 to compensate for a difference in the grade of oil. On the date of the exchange, cost and market values of the oil were as follows:

 Yola Co.Zero Co.
Cost $100,000 $126,000
Market values 120,000 150,000

In Zaro's income statement, what amount of gain should be reported from the exchange of the oil?

  • $0
  • $ 4,800
  • $24,000
  • $30,000

 

とりあえず計算方法としては、

30000 compensation / 150000 Market value of Zero oil 

= 0.2 

 

0.2 x (150000 - 126000)<-- potential gain = 4800 

 

 

USCPA ?過去問 Fixed asset Acc Depreciation T勘定・例外問題(立ち退きの問題)

まただ、T勘定書いたらわかる問題。

なんでT勘定書いたらわかる問題ってわかるんだろう。

 

Weir Co. uses straight-line depreciation for its property, plant and equipment, which stated at cost, consisted of the following:

  12/31/Yr2 12/31/Yr1
Land $ 25,000 $ 25,000
Buildings 195,000 195,000
Machinery and equipment 695,000 650,000
  915,000 870,000
Less: Accumulated depreciation (400,000) (370,000)
  $ 515,000 $500,000

Weir's depreciation expense for year 2 and year 1 was $55,000 and $50,000, respectively. What amount was debited to accumulated depreciation during year 2 because of property, plant, and equipment retirements?

  • $40,000
  • $25,000
  • $20,000
  • $10,000

 

実際のAcc DepのT勘定は、

                Accum Depreciation

ー ―――――――――――――― +

  ■      | 370000 yr 1 acc dep

                            | 55000 yr 2 depreciation expense

          | 

  ――――――――――――――

          400000  yr 2 acc dep

 

■を逆算で求めると、25000となる。

 Retirement が発生した

 

下の問題、Condemnation = 立ち退きです!!!!

このワードが分かればあとはわかるっしょ!!!

 

A state government condemned Cory Co.'s parcel of real estate. Cory will receive $750,000 for this property, which has a carrying amount of $575,000. Cory incurred the following costs as a result of the condemnation:

Appraisal fees to support a $750,000 value $2,500
Attorney fees for the closing with the state 3,500
Attorney fees to review contract to acquire replacement property 3,000
Title insurance on replacement property 4,000

What amount of cost should Cory use to determine the gain on the condemnation?

  • $581,000
  • $582,000
  • $584,000
  • $588,000

 

下2つの注記は、condemnation の後の、replacement propertyにかかる費用なので、condemnationの計算にはいれません!

 

USCPA 過去問 Fixed asset gain in continuing operation

最近会社でよく聞くワード
なんと、こんなところで巡り合えるとは。
 
Newt Co. sold a warehouse and used the proceeds to acquire a new warehouse. The excess of the proceeds over the carrying amount of the warehouse sold should be reported as a(an):
  • Reduction of the cost of the new warehouse.
  • Gain from discontinued operations, net of income taxes.
  • Part of continuing operations.
  • Extraordinary gain, net of taxes.

 

ここで発生した資産の売却益は、通常のContinuing operation のgainに行きます。

 

Discontinuing operationは、売却が決まっている子会社等が出した利益等のことを指す。。はず。記憶が正しければ。

下の人が、USCPAで使える非継続事業の論点をまとめてくれてたよ!

ありがたし!

blogs.yahoo.co.jp

USCPA 過去問 Fixed asset Unit of production depreciation method /straight line method/ impairment loss

<Impairment loss の問題>

以下の問題で出てきた3つの種類の数字

Historical cost $200 mil

unrecoverable carrying amount $170

Undiscounted future cash flow $150

Estimated fair value $ 135

Hudson Corp. operates several factories that manufacture medical equipment. The factories have a historical cost of $200 million. Near the end of the company's fiscal year, a change in business climate related to a competitor's innovative products indicated to Hudson's management that the $170 million carrying amount of the assets of one of Hudson's factories may not be recoverable. Management identified cash flows from this factory and estimated that the undiscounted future cash flows over the remaining useful life of the factory would be $150 million. The fair value of the factory's assets is reliably estimated to be $135 million. The change in business climate requires investigation of possible impairment. Which of the following amounts is the impairment loss?
  • $15 million
  • $20 million
  • $35 million
  • $65 million

まずはじめにすること。

以下の二つを比較する。

unrecoverable carrying amount $170

Undiscounted future cash flow $150

Carrying amount が、future cash flow を上回っていることから、Impairment loss が発生すると判断する。

 

んで、実際にいくらimpariment が発生するかというと、今度は、Carrying value と Fair value を比べて下がった分が、減損となる。

 

 

似たような減損の問題

ここでのルールは、一度下げた減損は、元に戻すことは不可!!!

impairment の後にFair value を上げても、impairmentはなかったことにはならない!!!

Last year, Katt Co. reduced the carrying amount of its long-lived assets used in operations from $120,000 to $100,000, in connection with its annual impairment review. During the current year, Katt determined that the fair value of the same assets had increased to $130,000. What amount should Katt record as restoration of previously recognized impairment loss in the current year's financial statements?
  • $0
  • $10,000
  • $20,000
  • $30,000

 よって、Restoration fo impairment lossは、0となります。

 

 

<Unit of production depreciation method !!!!!>

はっはっはっは できた!!!!!意味と仕組みがわかったらやりやすいなこれ!!!

 

つまりこれは、予想総生産量が、合計償却年数、実際に作った製品のUnits が、過ぎた年数にあたる。

Salvage value は先に計算してよいみたい。

On January 3, Quarry Co. purchased a manufacturing machine for $864,000. The machine had an estimated eight-year useful life and a $72,000 estimated salvage value. Quarry expects to manufacture 1,800,000 units over the life of the machine. During the year, Quarry manufactured 300,000 units. Quarry uses the units-of-production depreciation method. In its December 31 balance sheet, what amount of accumulated depreciation should Quarry report for the machine?
  • $99,000
  • $108,000
  • $132,000
  • $144,000

 

Salvage Valueを先になくすと、864000-72000=792000

総生産量は1800000 

792000/1800000 = 0.44 一個生産当たりのDepreciation

 

年間で実際に生産したのは300000 unit なので、

300000 x 0.44 = 132000 depreciation expense

 

 

 

 

<Straight-line Method>

これ、何の解説もなかったけど。。。。

覚えるしかないのか

 

Group Depreciation 

Composite depreciation

どちらとも、Straight line method を使います。

 

Which of the following uses the straight-line depreciation method?

 

Group depreciation

Composite depreciation

 

a. No No
b. Yes No
c. Yes Yes
d. No Yes

USCPA 過去問 Fixed asset Depreciation Sum-of-the Years' Digits Method

Depreciationのもう一つのやり方!!!はっはーできたぞ!!!
できたから忘れずに覚える。
 
SYDは、Straight line methodと似たような感じで、Salvage Valueを先にコストから引いて、それから償却を始める。
 
そして、償却年数Xを、X! で全部足していって、
cost x X/(X!) で一年目のdepreciation expenseをだす!
 
Spiro Corp. uses the sum-of-the-years'-digits method to depreciate equipment purchased in January of the current year for $20,000. The estimated salvage value of the equipment is $2,000 and the estimated useful life is four years. What should Spiro report as the asset's carrying amount as of December 31 in the third year?
  • $1,800
  • $2,000
  • $3,800
  • $4,500

 

上の場合、コストのスタートは、20000-2000=18000

4年償却だから、割り算は4!=4+3+2+1=10で割る。

yr 1  18000 x 4/10 = 7200

yr 2     18000 x 3/10 = 5400

yr 3     18000 x 2/10 = 3600

      <------------ 問題で聞かれたのはこの時点での残り簿価

yr 4     18000 x 1/10 = 1800

--------------------------------------------

salvage value = 2000

残りの簿価は、赤線以下の分を足して、1800+2000=3800

 

 

 

 

USCPA 過去問 Depreciation salvage value & DDB

所有権の移転が発生した問題。
現時点でのオーナーの決定要件に基づいて判断していい。
 
A manufacturing firm purchased used equipment for $135,000. The original owners estimated that the residual value of the equipment was $10,000. The carrying amount of the equipment was $120,000 when ownership transferred. The new owners estimate that the expected remaining useful life of the equipment was 10 years, with a salvage value of $15,000. What amount represents the depreciable base used by the new owners?
  • $105,000
  • $110,000
  • $120,000
  • $125,000

 

Depreciable amount の求め方は

Original cost - salvage value 

なので、簿価とか気にせず、元のオーナーが取得した際のコスト135000から、現オーナーが最終的に設定した残存価格15000 をマイナスした差額を、10年償却していくことになる。

 

 

A depreciable asset has an estimated 15% salvage value. Under which of the following methods, properly applied, would the accumulated depreciation equal the original cost at the end of the asset's estimated useful life?

 

Straight-line

Double-declining balance

 

a. Yes Yes
b. Yes No
c. No Yes
d. No No

 

 

どちらにしろ、残存価格を設定している場合に、累計減価償却額が、取得原価と同じになることはありえないです!!

 

 

Straight line は最初にSalvage value を全体のコストから引いて、Depreciatable amountを出してから減価償却の計算を開始するし、。

 

DDBは最後の年で、方程式を無視してsalvage valueのつじつまを合わせるし、。

 

 

 というわけでDDBの実践。

Carr Inc. purchased equipment for $100,000 on January 1, year2. The equipment had an estimated 10-year useful life and a $15,000 salvage value. Carr uses the 200% declining balance depreciation method. In its year3 income statement, what amount should Carr report as depreciation expense for the equipment?
  • $13,600
  • $16,000
  • $17,000
  • $20,000

 

DDB と指定されているので、Salvage valueは最後に考慮していいので、普通に取得原価から計算する。

DDBということで、通常の償却率の2倍になる。

聞かれているのは、2年目償却スタートの、3年目の償却費。

 

yr 2 100000 x 10% x 2 = 20000

 

yr 3 (100000 - 20000) x 10% x 2=  16000  <-3年目の減価償却

 

 

 似たような問題

Turtle Co. purchased equipment on January 2, year 1, for $50,000. The equipment had an estimated five year service life. Turtle's policy for five-year assets is to use the 200% double-declining depreciation method for the first two years of the asset's life, and then switch to the straight-line depreciation method. In its December 31, year 3, balance sheet, what amount should Turtle report as accumulated depreciation for equipment?
  • $30,000
  • $38,000
  • $39,200
  • $42,000

 

yr 1  50000 x 1/5 x 2 = 20000

yr 2  (50000-20000) x 1/5 x 2 = 12000

yr 3 ( 50000-20000-12000) x 1/3 = 6000

 

合計した累計償却額は、38000