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EXERCISES Ex. 91 a. New printing press: 1, 2, 3, 4, 5 b. Used printing press: 7, 8, 9, 10 Ex. 92 a. Yes. All expenditures incurred for the purpose of making the discharge suitable for its mean use should be debited to the stain account. b. zero(prenominal) Land is not depreciated. Ex. 93 Initial cost of land ($25,000 + $300,000) .................... Plus: lawful fees .......................................................... Delinquent taxes ............................................... Demolition of building ...................................... little salvage of materials ........................................... represent of land ................................................................. $325,000 $ 2,100 14,000 9,000 25,100 $350,100 3,500 $346,600 Ex. 94 Capital expenditures: 1, 2, 3, 4, 5, 8, 10 tax revenue expenditures: 6, 7, 9 Ex. 95 Capital expenditures: 1, 2, 3, 4, 6, 10 receipts expenditures: 5, 7, 8, 9 513 Â © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly hearty website, in whole or in part. Ex. 96 Feb. 4 Accumulated DepreciationDelivery truck..... Cash................................................................ 4,300 6 Delivery transport ................................................

..... Cash................................................................ 1,900 Sept. 10 Repairs and Maintenance Expense ................... Cash................................................................ 60 May 4,300 1,900 60 Ex. 97 a. No. The $7,500,000 represents the cowcatcher cost of the equip ment. Its transposition cost, which may be ! more or less than $7,500,000, is not reported in the financial statements. b. No. The $6,175,000 is the solicitation of the olden depreciation charges on the equipment. The recognition of depreciation expense has no relationship to the property account or accumulation of cash funds. Ex. 98 (a)...If you want to get a near essay, order it on our website: OrderEssay.net

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