NAMA : IWEL NETRI

NIM : 2110532010

MATA KULIAH : AKM II A3

DOSEN PENGAMPU : Erna Widiastuty, Dr., SE, M.Si, Ak, CA

E10.1 (LO 1, 2) (Acquisition Costs of Realty)

The expenditures and receipts below are related to land, land improvements, and buildings
acquired for use in a business. The receipts are enclosed in parentheses.

a. Money borrowed to pay building €(275,000) Notes payable

contractor (signed a note)
b. Payment for construction from note 275,000 Buildings
proceeds
c. Cost of land fill and clearing 10,000 Land
d. Delinquent real estate taxes on property 7,000 Land
assumed by purchaser
e. Premium on 6-month insurance policy 6,000 Buildings
during construction
f. Refund of 1-month insurance premium (1,000) Buildings
because construction
completed early
g. Architect’s fee on building 25,000 Buildings
h. Cost of real estate purchased as a plant 250,000 Land
site (land €200,000 and
building €50,000)
i. Commission fee paid to real estate 9,000 Land
agency
j. Installation of fences around property 4,000 Land
k. Cost of razing and removing building 11,000 Land improvements
l. Proceeds from residual value of (5,000) Land
demolished building
m. Borrowing costs incurred during 13,000 Buildings
construction on money borrowed
for construction
n. ost of parking lots and driveways 19,000 Land improvements
o. Cost of trees and shrubbery planted 14,000 Land
(permanent in nature)
p. Excavation costs for new building 3,000 Buildings
E10.4 (LO 1, 2) (Purchase and Self-Constructed Cost of Assets)

Dane ASA both purchases and constructs various equipment it uses in its operations. The
following items for two different types of equipment were recorded in random order during the
calendar year 2022.

Purchase

Cash paid for equipment, including sales tax of €105,000

€5,000
Freight and insurance cost while in transit 2,000
Cost of moving equipment into place at factory 3,100
Wage cost for technicians to test equipment 6,000
Special plumbing fixtures required for new 8,000
equipment
Total cost 124,100

Penjelasan :

 Insurance premium paid during first year of operation on this equipment

 Premi asuransi peralatan ini yang dibayarkan selama satu tahun pertama
pengoperasian tidak dikapitalisasi, melainkan dilaporkan sebagai beban asuransi.
 Repair cost incurred in first year of operations related to this equipment
 Biaya perbaikan selama satu tahun pertama yang berkaitan dengan peralatan tidak
dikapitalisasi, melainkan dilaporkan sebagai biaya perbaikan dan pemeliharaan.

Construction

Material and purchased parts (gross cost €200,000

€200,000; failed to take 1%
cash discount)
Labor costs 190,000
Allocated overhead costs (fixed—€20,000; 50,000
variable—€30,000)
Cost of installing equipment 4,400
Total cost €442,400

Penjelasan :

 Imputed interest on funds used during construction (share financing)

 Bunga yang diperhitungkan atas dana yang terkait dengan pembiayaan saham tidak
boleh dikapitalisasi, melainkan menjadi biaya peluang yang tidak dilaporkan.
  Profit on self-construction
 Laba atas pembangunan tidak boleh dilaporkan, melainkan hanya boleh dilaporkan
ketika asset dijual.

P10.1 (LO 1, 2) (Classification of Acquisition and Other Asset Costs)

At December 31, 2021, certain accounts included in the property, plant, and equipment

section of Reagan Ltd.’s statement of financial position had the following balances.

Land £230,000

Buildings 890,000

Leasehold improvements 660,000

Machinery and equipment 875,000

Instructions

a. Prepare a detailed analysis of the changes in each of the following statement of financial
position accounts for 2022.

Land Leasehold improvements

Buildings Machinery and equipment

Disregard the related accumulated depreciation accounts.

b. List the items that were not used to determine the answer to (a) above, and indicate
where, or if, these items should be included in Reagan’s financial statements.

Answer

a. Prepare a detailed analysis of the changes in each of the following statement of financial
position accounts for 2022.

 Laporan posisi keuangan (land)

Balance at January 1, 2022 €230.00

Land site 621

Acquisition cost 850.000

Commission agent 51.000

Clearing Cost 35.000

Less: Recovered sold (13.000) 22.000

Total land site 621 923.000

Land site 622

Land value 300.000

Building Value 120.000

Demolition cost 41.000

Total land site 622 461.000

Balance at December 31, 2022 1.614.000

 Laporan posisi keuangan (buildings)

Balance at January 1, 2022 €890.000

Building construct

Constructing cost 330.000

Excavation fees 38.000

Architectural design fees 11.000

Building permit fee 2.500

Total buildings construct 381.500

Balance at December 31, 2022 1.271.500

 Laporan posisi keuangan (leasehold improvements)

Balance at January 1,2022 €660.000

Cost improve leased office 89.000

Balance at December 31,2022 749.000

  Laporan posisi keuangan (machinery and equipment)

Balance at January 1,2022 875.000

Invoice price 87.000

Freight cost 3.300

Installation cost 2.400 92.700

Balance at December 31,2022 967.700

b. List the items that were not used to determine the answer to (a) above, and indicate
where, or if, these items should be included in Reagan’s financial statements.
1. Item bunga yang diperhitungkan pada pembiayaan ekuitas tidak diizinkan oleh IFRS,
oleh karena itu tidak muncul di dalam laporan posisi keuangan.
2. Item land nomor 623 yang diperoleh seharga €650.000 diakuisisi untuk dijual
kembali dan bukan dipergunakan untuk kegiatan operasional perushaaan, seharusnya
perusahaan mencatatnya dalam laporan posisi keuangan sebagai akun investasi.
3. Pembayaran royalty sebesar €17.500 seharusnya dilaporkan perusahaan sebagai
beban operasional normal perusahaan, dicatat dalam laporan laba rugi.

P10.3 (LO 1, 3) (Classification of Land and Building Costs)

Spitfire SE started as a company on January 2, 2023, but was unable to begin manufacturing
activities until July 1, 2023, because new factory facilities were not completed until that date.

Instructions

a. Prepare entries to reflect correct land, buildings, and depreciation accounts at December
31, 2023.
b. Show the proper presentation of land, buildings, and depreciation on the statement of
financial position at December 31, 2023.

Answer

a. Prepare entries to reflect correct land, buildings, and depreciation accounts at December
31, 2023.
 Biaya perolehan (land)
Acquisition cost €173.600
Cost of removal 9.800
Legal fees 1.300
 Special taxes assessment 4.000
Total 188.700
 Biaya perolehan (buildings)
Payment on new construction €130.000
Legal fees 1.860
Insurance Expense(2.280x2/24) 190
Plant superintendent’s salary 4.200
Total 136.250

Ayat jurnal untuk keseluruhan transaksi:

Land €188.700

Building 136.250

Insurance Expense(€2.280x6/24) 570

Prepaid Expense(€2.280x16/24) 1.520

Organization Expense 610

Retained Earnings 53.800

Salary Expense 32.100

Cash 399.950

Share premium-preference (800x€17) 13.600

Ayat jurnal untuk penyusutan bangunan Untuk penghapusan saldo penyusutan land and
building

Accumulated depreciation €4.000

Depreciation Expense 4.000

Ayat jurnal untuk mencatat penyusutan building

Deprecation Expense(€136.250x1%) €1.362,5

Accumulated Depreciation-Expense 1.362.5

 b. Show the proper presentation of land, buildings, and depreciation on te statement of
financial position at December 31, 2023.

Plant, Property and Equipment :

Land €188.700

Buildings 136.250

Less: Depreciation Expense (1.362,5) 134.887,5

Total 323.587,5