LATIHAN SOAL AKUNTANSI KEUANGAN MENENGAH I

SOAL PERSEDIAAN
SOAL 1
An inventory taken the morning after a large theftdiscloses $60,000 of goods on hand
as of March 12. The following additional data is available from the books:
Inventory on hand, March 1
$ 84,000
Purchases received, March 1 11
63,000
Sales (goods delivered to customers)
120,000
Past records indicate that sales are made at 50% above cost.
Instructions
Estimate the inventory of goods on hand at the close of business on March 11 by the
gross profit method and determine the amount of the theft loss. Show appropriate
titles for all amounts in your presentation
JAWABAN
Beginning Inventory
Purchases
Goods Available
COGS ($120,000 150%)
Estimated Ending Inventory
Physical Inventory
Theft Loss
SOAL 2
Presented below is information related to Kuchinsky Company.
Cost
Retail
Beginning inventory
280,000
390,000
Purchases
1,820,000
3,000,000
Markups
130,000
Markup cancellations
20,000
Markdowns
47,000
Markdown cancellations
7,000
Sales
3,150,000
Instructions
Compute the inventory by the conventional retail inventory method

$ 84,000
63,000
147,000
80,000
67,000
60,000
$ 7,000

JAWABAN
Cost RM
Beginning inventory.
280,000
Purchases. 1,820,000 (+)
Totals.. 2,100,000
Add: Net marksups
Markups
Markup cancellations
Totals 2,100,000
Deduct: Net markdowns
Markdowns
Markup cancellations
Sales price of goods available..
Deduct: Sales..
Ending Inventory ay retail..

Retail RM
390,000
3,000,000 (+)
3,390,000
130,000
(20,000)

110,000 (+)
3,500,000

47,000
(7,000)

40,000 (-)
3,460,000
3,150,000
310,000

Cost-to-retail ratio = 2.100.000 / 3.500.000 = 60 %

Ending inventory at cost = 60% RM310,000 = RM186,000

SOAL AKUISISI DAN DISPOSISI PP&E

SOAL 1
Ramirez Company exchanged equipment used in its manufacturing operations plus
$6,000 in cash for similar equipment used in the operations of Kennedy Company.
The following information pertains to the exchange.

Equipment (cost)
Accumulated depreciation
Fair value of equipment
Cash given up

Ramirez Co.
84,000
57,000
40,500
6,000

Kennedy Co.
$84,000
30,000
46,500

Instructions
(a) Prepare the journal entries to record the exchange on the books of both
companies. Assume that exchange lacks commercial substance.
(b) Prepare the journal entries to record the exchange on the books of both
companies. Assume that exchange has commercial substance.
JAWABAN
a) Ramirez Co
Equipment
Accumulated Depr
Equipment
Cash
HV
AD
BV

84.000
57.000
27.000

33.000
57.000
84.000
6.000

FV
GAIN

40.500
13.500

Cost of New Equipment = FV Old Equipment + Cash Paid - Gain

= 40.500+6.000-13.500
= 33.000
Kennedy Co
Equipment
Accumulated Depr
Loss on Exchange
Cash
Equipment
HV
AD
BV
FV
LOSS

48.000
30.000
7.500
6.000
84.000

84.000
30.000
54.000
46.500
7.500

Cost of New Equipment = FV Old Equipment + Cash Received+Loss

= 46.500-6.000
= 40.500
b) Ramirez Co
Equipment
46.500
Accumulated Depr
57.000
Gain on Exchange
13.500
Equipment
84.000
Cash
6.000
HV
AD
BV
FV
GAIN

84.000
57.000
27.000
40.500
13.500

Cost of New Equipment = FV Old Equipment + Cash Paid

= 40.500+6.000
= 46.500
Kennedy Co
Equipment
40.500
Accumulated Depr
30.000
Cash
6.000
Loss on Exchange
7.500
Equipment
84.000
HV
AD
BV
FV

84.000
30.000
54.000
46.500

LOSS

7.500

Cost of New Equipment = FV Old Equipment + Cash Received

= 46.500-6.000
= 40.500

SOAL 2
During 2015, Barden Building Company constructed various assets at a total cost of
$8,400,000. The weighted average accumulated expenditures on assets qualifying for
capitalization of interest during 2015 were $5,600,000. The company had the
following debt outstanding at December 31, 2015:
1. 10%, 5-year note to finance construction of various assets,
dated January 1, 2015, with interest payable annually on January 1

$3,600,000

2. 12%, ten-year bonds issued at par on December 31, 2009, with interest
payable annually on December 31

4,000,000

3. 9%, 3-year note payable, dated January 1, 2014, with interest payable
annually on January 1

2,000,000

Instructions
Compute the amounts of each of the following (show computations).
1. Avoidable interest.
2. Total interest to be capitalized during 2015.
1. Avoidable Interest
Weighted Interest
Notes
Rate
4.000.000
12%
2.000.000
9%
6.000.000

Part of Year
12/12
12/12

Interest
480.000
180.000
660.000

Interest = 660.000/6.000.000=11%
WACE
3.600.000
2.000.000
5.600.000

Rate
10%
11%

Avoidable Interest
360.000
220.000
580.000

2. Interest to be capitalized during 2015

Actual Interest = 3.600.000*10% + 4.000.000*12%+2.000.000*9%
= 360.000 + 480.000 + 180.000
= 1.020.000
Interest to Capitalezed = 580.000 (Avoidable or Actual whichever is lower)

SOAL DEPRESIASI, PENURUNAN DAN DEPLESI

SOAL 1
Sizemore Company owns land that it purchased at a cost of $600,000 in 2013. The
company chooses to use revaluation accounting to account for the land. The lands
value fluctuate as follows (all amounts as of December 31): 2013, $675,000; 2014,
$540,000; 2015, $580,000; and 2016, $615,000.
Instructions
Prepare the journal entries to record the revaluation of the land in each year.
Jawaban:
December 31, 2013
Land ($675,000 $600,000).....................................................75,000
Unrealizable Gain on RevaluationLand.....................

75,000

December 31, 2014

Unrealizable Gain on RevaluationLand.................................75,000
Loss on Impairment ($600,000 $540,000)...............................60,000
Land ($ 675,000 $540,000).................................................

135,000

December 31, 2015

Land ($580,000 $540,000).....................................................40,000
Recovery of Impairment Loss........................................

40,000

December 31, 2016

Land ($615,000 $580,000)......................................................35,000
Recovery of Impairment Loss($60,000 - $40,000)..
Unrealized Gain on RevaluationLand

20,000
15,000

SOAL 2
Presented below is information related to equipment owned by Marley Company at
December 31, 2015.
Cost
7,000,000
Accumulated depreciation to date
1,500,000
Value-in-use
5,000,000
Fair value less cost of disposal
4,400,000
Assume that Marley will continue to use this asset in the future. As of December 31,
2015, the equipment has a remaining useful of 4 years.
Instructions
(a)Prepare the journal entry (if any) to record the impairment of the asset at
December 31, 2015.
(b) Prepare the journal entry to record depreciation expense for 2016.

(c) The recoverable amount of the equipment at December 31, 2016, is

5,250,000. Prepare the journal entry (if any) necessary to record this
increase.
a. Carrying Amount = 7.000.000 1.500.000
= 5.500.000
Recoverable Amount = Greater or VIU of Net FV = 5.000.000
Imparement
= 5.500.000-5.000.000
= 500.000
Imparement Loss
Equipment

500.000
500.000

b. Depreciation
New Rate = 5.000.000/4=1.250.000
Depreciation
Acumulated Depreciation

1.250.000
1.250.000

c. Recovery of Impairement
Recoverable Amount = 5.250.000
CV
= 5.000.000 1.250.000 = 3.750.000
Acccumulated Depreciation
Recovery of Impairement

1.500.000
1.500.000

Menurut buku IFRS, recovery bisa diakui maksimal hingga mencapai nilai CV
terakhir apabila diasumsukan tidak ada impairement.
Jika tidak ada impairement CV adalah 5.500.000 *3/4 = 4.125.000
Maka nilai recovery imparement maksimal adalah sbb:
Recovery = 4.125.000 3.750.000
= 375.000
Acccumulated Depreciation
Recovery of Impairement

375.000
375.000

SOAL ASET TAKBERWUJUD

SOAL 1
In early January 2014, Lerner Corporation applied for a patent, incurring legal costs
of $60,000. In January 2015, Lerner incurred $9,000 of legal fees in a successful
defense of its patent.
Instructions
(a) Compute 2014 amortization, 12/31/14 carrying value, 2015 amortization, and
12/31/15 carrying value if the company amortizes the patent over 10 years.
(b) Compute the 2016 amortization and the 12/31/16 carrying value, assuming
that at the beginning of 2016, based on new market research, Lerner
determines that the recoverable amount of the patent is $48,000.
Jawaban:
a) 2014&2015 Amortization
Amortization Expense
Patent

6.000
6.000

Carrying Value at 12/31/14 = 60.000-6.000 = 54.000

2015 Amortization
Amortization Expense
Patent

7.000
7.000

*(54.000+9.000) / 9 = 7.000
Carrying Value at 12/31/15 = 54.000 + 9.000 7.000 = 56.000
b. 2016 Amortization
Recoverable Value = 48.000 at beginning of 2016
Carrying Value
= 56.000
Impairment
= 12.000
Amortization = 48.000 / 8 = 6.000
Amortization Expense
Patent

6.000
6.000

Carrying Value at 12/31/16 = 48.000 6.000 = 42.000

SOAL 2
Presented below is information related to copyrights owned by Wamser Corporation
at December 31, 2014.
Cost
$2,700,000
Carrying amount
2,350,000
Recoverable amount
1,500,000
Assume Wamser will continue to use this asset in the future. As of December 31,
2014, the copyrights have a remaining useful life of 5 years.
Instructions
(a) Prepare the journal entry (if any) to record the impairment of the asset at
December 31, 2014.
(b) Prepare the journal entry to record amortization expense for 2015.
(c) The recoverable amount of the copyright at December 31, 2015 is $1,600,000.
Prepare the journal entry (if any) necessary to record this increase in fair
value.

Jawaban:
a) Impairement
December 31
Loss on Imparement
Copyright

850.000
850.000

b) Amortization (5 years remaining) = 1.500.000 / 5 = 300.000

Amortization Expense
300.000
Copyright
300.000
c) Increase in Recoverable Amount
US GAAP : No Entry Reversal of Imparement Loss is Prohibited
IFRS: Reversal of Imparement Loss is Prohibited only for Goodwill
Carrying Value at Dec 31,2015
Recoverable Amount
Increase

= 1.500.000 300.000
= 1.200.000
= 1.600.000
= 400.000

Copyright
Recovey of Impairement Loss

400.000
400.000