Non-current assets：练习题

An entity acquired a building to let out to third parties under operating leases. The entity provide security and maintenance services to the lessees, which are considered insignificant to the arrangement as a whole. How should this building be classified under IAS 40 Investment Property?

According to IAS 38 Intangible Assets, which of the following internally generated items must not be recognized as an intangible asset?

On 1 January 20X1, an entity purchased a new factory machine. The costs incurred were: list price \(\$100,000\), trade discount \(\$5,000\), delivery and handling \(\$3,000\), installation \(\$2,000\), and an initial estimate of the present value of the cost of dismantling the machine at the end of its life \(\$4,000\). What is the initial cost of the machine under IAS 16 Property, Plant and Equipment?

An entity has a cash-generating unit (CGU) with assets totaling \(\$1,200,000\), which includes goodwill of \(\$200,000\) and property, plant and equipment of \(\$1,000,000\). An impairment review identifies the recoverable amount of the CGU as \(\$900,000\). According to IAS 36 Impairment of Assets, how should the impairment loss be allocated?

An entity purchased a machine for \$ \(50,000\). It paid import duties of \$ \(5,000\) and incurred installation costs of \$ \(2,000\). It also spent \$ \(1,000\) on staff training. Calculate the initial carrying amount of the machine under IAS 16 Property, Plant and Equipment.

On 1 January 20X1, Entity A acquired a new production plant. The following expenditures were incurred:

- Purchase price (including non-refundable purchase taxes): \( \$500,000 \)
- Initial delivery and handling costs: \( \$20,000 \)
- Installation and assembly costs: \( \$30,000 \)
- Costs of testing whether the asset is functioning properly: \( \$10,000 \)
- Initial operating losses incurred before the plant reaches full capacity: \( \$40,000 \)

The plant has an estimated useful life of \( 10 \) years and a residual value of \( \$60,000 \). Depreciation is charged on a straight-line basis.

Required:
(a) According to IAS 16 Property, Plant and Equipment, calculate the initial cost of the plant.
(b) Calculate the depreciation charge for the year ended 31 December 20X1.
(c) Calculate the carrying amount of the plant as at 31 December 20X1.
(d) Briefly explain why the initial operating losses are excluded from the cost of the asset.