Valix Finacc vol 1 Problem 16-31 to 35

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 16 Problem 16-31 to 35

Problem 16-31  Answer  A                                                                                                 

All expenditures are capitalized.

Problem 16-32  Answer  A

All costs are capitalized.

Problem 16-33  Answer  C

Continuing and frequent repairs                                                                               400,000

Repainting of the plant building                                                                               100,000

Partial replacement of roof tiles                                                                               150,000

Repair and maintenance expense                                                                            650,000

                                 

Problem 16-34  Answer  B

 

Problem 16-35  Answer  B