Upload
lamnhu
View
223
Download
0
Embed Size (px)
Citation preview
Akuntansi Keuangan 1
UAS Semester Ganjil 2014/2015
MOdul JAwaban KOEliah
MOJAKOE
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI.
Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
@spafebui SPA FEB UI
Official partners: Official media partner: Official Partners: Official Media Partner:
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
1 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
2 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
3 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
4 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
5 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
6 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
7 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
8 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
JAWABAN UAS AK1 2014/2015
Question 1
Part A
1. (Using Straight-Line Method for Exterior Structure and Interior Cabin and Unit
of Production for Engines)
Depreciation of Exterior Structure for 2012
Depreciation of Interior Cabin for 2012
Depreciation of Engines for 2012
2. Journal entry for the repair, replacement and upgrade of the aircraft as January
1, 2013
Repairment
Exterior Structure $1,500,000
Cash $1,500,000
Engine 2 (New) $3,000,000
Acc. Depre Engine $4,750,000
Loss on Disposal $5,250,000
Old Engine $10,000,000
Cash $3,000,000
Replacement
Engine (New) $12,000,000
Accumulated Depreciation $4,750,000
Loss on disposal of Engine $5,250,000
Cash $12,000,000
Engine (Old) $10,000,000
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
9 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Upgrade
Interior Cabin $4,000,000
AccDepre Interior Cabinet $16,000,000
Loss on Disposal $4,000,000
Interior Cabin $20,000,000
Cash $4,000,000
Part B
Journal Entries for 2011
Depreciation Expense – Equipment $200,000,000
Accumulated Depreciation – Equipment $200,000,000
Accumulated Depreciation-Equipment $400,000,000a
Equipment $300,000,000b
Surplus Revaluation $100,000,000
a$200,000,000x2
b$1,200,000,000 - $900,000
Journal Entries for 2012
Depreciation Expense – Equipment $225,000,000
Accumulated Depreciation – Equipment $225,000,000
Accumulated Depreciation-Equipment $225,000,000
Revaluation Surplus $15,000,000
Equipment $240,000,000c
c$900,000,000 - $660,000
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
10 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Question 2
Part 1
(a) Profit/ (loss) using fair value model.
20X1 = 0
20X2 = $40,000,000
20X3 = $10,000,000
20X4 = ($20,000,000)
(b) Using the cost model
20X1 = 0
20X2 = ($18,000,000)
20X3 = ($18,000,000)
20X4 = ($19,000,000)
Part 2
1. The Asset can be classified as non-current asset held for sale because they
actively looking for a buyer, highly probable and completed in one year. Asset
should be presented as current asset at statement of financial position
2. a. Lower of CA or Fair value less cost to sell Fair Value Less Cost to sell =
$240,000,000 - $10,000,000 = $230,000,000
CA= $200,000,000 - $20,000,0000= $180,000,000
b. NCA Held for Sale $136,000,000
Loss due to reclassification $104,000,000
Investment Property $240,000,000
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
11 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Question 3
Part 1
1. January 1, 2013
Organizational Expense $250,000,000
Cash $250,000,000
2. July 1, 2013
R & D Expense $1,000,000,000
Cash $1,000,000,000
3. Amortization Expense – Patent $72,000,000
Patent $72,000,000
Book Value 2013 = $720,000,000 – ($72,000,000 x $6,000,000) = $288,000,000
Loss on Litigation $288,000,000
Patent $288,000,000
Part 2
a. Cash $1,545,700
Account Receivable $159,450
Inventory $116,250
Prepaid Expenses $67,650
Land $585,000
Building $487,500
Equipment $403,000
AFDA – A/R $7,980
Acc. Depr – Building $146,250
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
12 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
Acc. Depr – Equipment $80,600
Account Payable $109,180
Bank Payable $160,000
Cash $2,950,000
Gain on Bargain Purchase $89,460
b. (Using Book Value)
Asset + Goodwill = Liability + (Equity + Gain on Bargain Purchase)
Goodwill = (Equity + Gain on Bargain Purchase) - Asset + Liability
Goodwill = ($2,950,000 + $89,460) - $1,716,955
Goodwill = $1,322,505
Net Asset = $1,716,955
Recoverable Amount = $1,500,000
Impairment = $216,955
Journal:
Impairment Loss $216,955
Goodwill $216,955
c. Net Asset = $1,716,955
Recoverable Amount = $1,950,000
Net Asset < Recoverable Amount
NO IMPAIRMENT LOSS
Question 4
a. Yes, because there’s past event which arises present obligation to pay provision and it can be reliably estimated. The obligation is highly probable because they
have clearly stated in their television advertisements and promotional
brochures that they will make good any losses and it has been widely publicized.
b. DrEnvironmental Expense XX
CrEnvironmental Liability XX
c. Yes, it does meet the recognition criteria of a liability because it’s an instruction from local government that we must obey.
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
13 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
d. Legal Expense $200,000
Legal Liability $200,000
e. Provision recognized when and only when:
Entity has present obligation from past event (Legal or constructive)
It is probable, (Probability is more than 50%)
Reliable estimate can be made.
f. It is contingent liability because it is only possible (Possibility is 50% or less). It
has to be disclosed in financial statement. We have to state in financial statement that there’s damage expense $ 5, , and lawyer fee $ , , , so in total we have $16,000,000 contingent liability.
Question 5
(a) Initial PVDBO : 2000
Net Interest Cost : 30 (100-70)
Service Cost : 80
Actuarial : (40)
Ending PVDBO : 2070
Initial Plan Asset : 1400
Other Return : 30
Ending Plan Asset : 1430
Net Defined Benefit Liability = Ending PVDBO – Ending Plan Asset
= 2070 – 1430
= 640
Initial Net Defined Benefit = 2000 – 1400=600
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEB UI
14 Download MOJAKOE dan SPA Mentoring di http://spa-feui.com
(b) Defined Benefit Plans (Imbalan Pasti)
A defined benefit plan identifies the specific benefit that will be payable to you at
retirement. Your basic retirement benefit is usually based on a formula that
takes into account factors like the number of years a participant works for the
employer (years of service) and the participant's salary. Your retirement benefit
is generally provided in the form of regular payments over your lifetime
beginning at what the plan calls "normal retirement age," which is typically age
65. This stream of periodic payments is generally known as a pension or
sometimes called an annuity
Defined Contribution Plans (Iuran Pasti)
A defined contribution plan specifies how much money will go into a retirement
plan today. The amount typically is either a percentage of an employee's salary
or a specific dollar amount. Then, those funds often are invested in mutual funds
available inside the retirement plan. The amount you have at retirement
depends on how much your employer contributes to the plan, how much you as
the employee save in the plan, how long you leave those funds invested, and how
well your investments perform inside the plan.
(c) Defined Benefit Obligation measured by net interest expense, past service cost
(including curtailment), settlement cost, current service cost, actuarial gain/loss,
etc
Plan asset measured by contribution, benefit, excess return, and actuarial
gain/loss.
(d) Asset ceiling is the present value of any economic benefits available in the form
of refunds from the plan or reductions in future contributions to the plan. (If
plan asset > PVDBO).