"Intermediate Accounting Practice" Daily Practice-2020 Intermediate Accountant Examination
1. (Multiple choice questions)
Regarding the amortization of intangible assets, Which of the following accounting treatments is correct ( ).
A. The amortization of land use rights for greening land should be included in management expenses
B. The amortization of leased intangible assets should be included in other business costs
C. The amortization of patent rights used to produce products should be included in product costs
D. The amortization of patent rights used in the research and development of another intangible asset should be included in administrative expenses
2. (Multiple choice question)
Regarding the determination of the useful life of intangible assets, which of the following statements is correct ( ).
A. The useful life of intangible assets derived from contractual rights shall not exceed the term of the contractual rights
B. The useful life of intangible assets derived from legal rights shall not exceed the term of the contractual rights. Should exceed the period of legal rights
C. If the contract stipulates the benefit period and the law also stipulates the effective period, the amortization period shall be the shorter of the two
D. Contractual rights or other legal rights are extended upon expiration due to contract renewal, etc., regardless of whether the renewal requires a large cost, the renewal period should be included in the service life
3. (Multiple choice questions)
Among the following accounting treatments for the amortization of corporate intangible assets, which one is correct ( ).
A. The amortization method of intangible assets selected by the enterprise should be able to reflect the expected consumption pattern of the economic benefits related to the intangible asset
Enterprise B obtains a concession for exploration and mining of gold. , and the contract clearly stipulates that the concession will expire when the total revenue from gold sales reaches a certain fixed amount, and intangible assets can be amortized based on the revenue generated from economic activities
C. Uncertain useful life Intangible assets are amortized over 10 years
D. Intangible assets with indefinite service life do not need to be amortized during the holding period, but an impairment test must be conducted at the end of the accounting period
4 .(Multiple choice question)
On January 1, 2016, Company A purchased a land use right, paying a price of 1 million yuan with bank deposits, with a useful life of 50 years, and using the straight-line method to amortize the land use right. Sold, no salvage value. After acquisition, a self-use office building will be built on the land by contract. On December 31, 2017, the office building project was completed and reached the intended usable condition. The total cost was 800 million yuan (including the amortization of land use rights of 8 million yuan during the construction period). The depreciation life of the office building is 25 years, and depreciation is calculated using the straight-line method. The estimated net residual value is 0. Among the following accounting treatments of Company A, which one is correct ( ).
A. Land use rights and above-ground buildings should be consolidated and accounted for as fixed assets, and depreciation should be accrued in accordance with relevant regulations on fixed assets
B. Land-use rights and above-ground buildings should be treated as fixed assets separately Accounting for intangible assets and fixed assets
C. On December 31, 2017, the recorded value of fixed assets was 792 million yuan
D. Amortization of land use rights in 2018 The depreciation amounts of the office building and the office building are 20 million yuan and 32 million yuan respectively
5. (Multiple choice question)
The following accounting statements about "R&D expenditures" are correct. There are ( ).
A. For R&D expenditures incurred by an enterprise to develop intangible assets by itself, if the conditions for capitalization are not met, the "R&D expenditures" account shall be debited; if the conditions for capitalization are met, the "R&D expenditures" shall be debited. Capitalized Expenditure Account
B. At the end of the period, the enterprise should debit the administrative expenses account and credit the R&D Expenditure Account
C. Before the success of the R&D project? R&D expenditure? Capitalized expenditure? The account balance is listed on the balance sheet? Development expenditure? Project
D. If the research and development project reaches its intended use and forms intangible assets, it should be listed? The balance of R&D expenditures and capitalized expenditures is transferred to the intangible assets account
Reference answers and analysis
1. Answer ABC.
Analysis: Option D, the amortization of the patent rights used to develop another intangible asset is included in R&D expenses.
2. The answer is ABC.
Analysis: According to the provisions of the current standards, intangible assets held by an enterprise usually originate from contractual rights or other legal rights, and the contract or legal provisions have a clear service life, originating from contractual rights. or other legal rights intangible assets, the service life should not exceed the term of the contractual rights or other legal rights; the contractual rights or other legal rights are extended upon expiration due to contract renewal, etc., and there is evidence that the enterprise does not need to renew the contract If a large cost is incurred, the renewal period should be included in the service life. If the contract or law does not stipulate the service life, the enterprise should comprehensively judge all factors to determine the period during which the intangible assets can bring economic benefits to the enterprise. For example, compare with the situation in the same industry, refer to historical experience, or hire relevant experts to conduct demonstrations, etc. If it is still impossible to reasonably determine the period during which the intangible asset will bring economic benefits to the enterprise according to the above methods, the intangible asset shall be regarded as an intangible asset with an indefinite useful life.
3. The answer is AB.
Analysis: Intangible assets with indefinite service life are not amortized in accounting, option C is wrong; intangible assets with indefinite service life do not need to be amortized during the holding period, but they should be amortized at least every year An impairment test is performed at the end of the year, option D is incorrect.
4. The answer is BD.
Analysis: When the land use rights are used for self-development and construction of factories and other above-ground buildings, the land use rights and above-ground buildings are accounted for as intangible assets and fixed assets respectively, and amortized and depreciated respectively, option A is wrong, option B is correct; the amortization of the land use rights during the construction of the office building should be included in the cost of the office building. On December 31, 2017, the recorded value of the fixed assets was its construction cost of 800 million yuan, and the land use rights were treated as intangible In asset accounting, its value is not included in the cost of fixed assets. Option C is wrong; the amortization amount of land use rights in 2018 = 100 000/50 = 2 000 (ten thousand yuan), the depreciation amount of the office building = 80 000/25 = 3 200 (ten thousand yuan), option D is correct.
5.The answer is ABCD.
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