1.

Diva Primananda (2101719642)

2. Enita Yuliana S (2101706816)
3. Nur Amala (2101722031)
Tugas Kelompok ke-1 4. Saras Adyasmara (2101711785)

Minggu 3 5. Tria Adhelia A (2101722145)

Tugas kelompok 1 minggu 3 ini diambil dari buku:

Doupnik, Perera. (2012). International Accounting. 3rdedition. McGraw-Hill Inc. New York.
ISBN: 978-0078110955.

13. A a result of a downturn in economy, Optiplex Corporation has excess productive capacity. On
januari 1, year 3, optiplex signed a special order contract to manufacture custom-design generators
for a new customer. The customer request that the generators be ready for pickup by june 15, year 3,
and guarantees it will take possession of generators by july 15, year 3. Optiplex incurred the following
direct costs related to the custom-design generators:

Cost to complete the design of the generators $ 3,000

Purchase price for materials and parts $ 80,000
Transportation cost to get materials and parts to manufacturing facility $ 2,000
Direct labor (10,000 labor hours at $ 12 per hour) $ 120,000
Cost to sstore finished product (from june 15 to june 30) $ 2,000

Because the company’s inexperience in manufacturing generators of this design, the cost of materials
and parts included an abnormal amount of waste totaling $5,000. In addition to direct costs, optiplex
applies variable and fixed overhead to inventory using predetermined rates. The variable overhead
rate is $2 per direct labor hour. The fixed overhead rate based on a normal level of production is $ 6
per direct labor hour. Given the decreased level of production expected in year 3, optiplex estimates
a fixed overhead application rate of $9 per direct labor hour in year 3.

Required:
Determine the amount at which the inventory of custom-design generators should be reported on
optiplex corporation’s june 30, year 3 balance sheet.

Jawab:

Cost to complete the design of the generators $ 3,000

Purchase price for materials and parts 80,000
Less: waste (5,000)
Transportation 2,000
Direct labor (10,000 labor hours at $12) 120,000
Cost to store finished product (from June 15-30) (2,000)
198,000

0142F–Akuntansi Internasional
Variable overhead (10,000 labor hours x $2) 20,000
Fixed overhead (10,000 labor hours x $9) 90,000
Inventory cost $308,000

Jadi, total inventory yang harus dilaporkan Optiplex Corporation’s June 30, Year 3 balance
sheet adalah sebesar $308,000.

19. quick company acquired of equipment in year 1 at a cost of $ 100,000. The equipment has a 10
year estimated life, zero salvage value, and is depreciated on straight line basis. Technological
innovations take place in the industry in which the company operates in year 4. Quick gathers the
following information for this piece of equipment at the end of Year 4:

Expected future undiscounted cash flows from continued use $ 59,000

Present value of expected future cash flows from continued use $ 51,000
Net selling price in the used equipment market $ 50,000

At the end of year 6, it is discovered that the technological innovations related to this equipment are
not as effective as first expected. Quick estimates the following for this piece of equipment at the end
of year 6:

Expected future undiscounted cash flows from continued use $ 50,000

Present value of expected future cash flows from continued use $ 44,000
Net selling pricein the used equipment market $ 42,000

Required :

a. Discuss whether quick company must conduct an impairment test on this piece of equipment
at December 31, year 4.
b. Determine the amount at which quick company should carry this piece of equipment on its
balance sheet at December 31, year 4; December 31, year 5; and December 31, year 6. Prepare
any related journal entries.

Jawab :

a. Quick Company harus melakukan impairment test baik dengan menggunakan IFRS maupun
US GAAP. Karena nilai atas peralatan tersebut tidak dapat dipulihkan dan nilai yang tercatat
atas peralatan tersebut diasumsikan akan menghasilkan cash inflow di masa datang sebagai
kompensasi atas cash outflow untuk memperolehnya, sehingga ketika asset tersebut dinilai
tidak lagi memenuhi hal ini, maka dilakukan pengakuan suatu keputusan untuk melakukan
impairment (kerugian/kegagalan).

Penyusutan tahunan = $ 100.000/10 = $10.000

Accumulated depresiasi = $40,000
Carrying value of this equipment at the end of year 4=$100,000-$40,000=$60,000

0142F–Akuntansi Internasional
 Di bawah US GAAP, $60.000 > $50.000.
Sehingga impairment dicatat. dan Impairment loss terdapat sebesar= $60,000-$50, 000 = $10,
000.
Di bawah IFRS, $60.000 > $44, 000. Jadi, gangguan dicatatkan. Gangguan kerugian adalah
$60,000-$44, 000 = $16.000

IAS 36 mengharuskan perusahaan untuk menilai setiap tahunnya apakah terdapat aset yang
mengalami penurunan nilai. Jika hal tersebut terjadi, maka perhitungan rugi atas penurunan
nilai harus dilakukan.

b. Dibawah U.S. GAAP:

December 31, Year 4:

Accumulated depreciation=$40,000 Carrying value=$60,000
 Depreciation expense $40,000
Accumulated depreciation $40,000

December 31, Year 5:

Accumulated depreciation= $50,000 Amortization of impairment loss = $10,000/5=$2,000
Carrying value= $100,000-$2,000-$50,000=$48,000
 Depreciation expense $50,000
Accumulated depreciation $50,000

 Loss on impairment $2000

Equipment $2000

December 31, Year 6:

Accumulated depreciation=$60,000 Accumulated amortization of impairment loss= $4000.
Carrying value=$100,000-$4,000-$60,000=0
 Depreciation expense $60,000
Accumulated depreciation $60,000

 Loss on impairment $4,000

Equipment $4,000

Dibawah IFRS :

Impairment loss =$16,000. Amortization of impairment loss=$16,000/5=$3200

December 31, Year 4:

Accumulated depre.= $40,000 Carrying value=$60,000
 Depreciation expense $40,000
Accumulated depreciation $40,000

0142F–Akuntansi Internasional
 December 31, Year 5:
Accu. Depre.= $50,000 Accu. Amort. Impairment loss=$3200. Carrying value=$100,000-
$50,000-$3200=$46,800
 Depreciation expense $50,000
Accumulated depreciation $50,000

 Impairment write down $3200

Accumulated impairment losses $3200

December 31, Year 6 :

Accumulated Depreciation=$60,000 Accumulated Amortization Impairment loss=$6400.
Carrying value=$100,000-$60,000-$6400=$33,600
 Depreciation expense $60,000
Accumulated depreciation $60,000

 Impairment write down $6400

Accumulated impairment losses $6400

24. in year 1, in a project to develop product X, Lincoln company incurred research and development
costs totaling $10 million. Lincoln is able to clearly distinguish the research phase from the
development phase of the project. Research-phase costs are $ 6 million, and development-phase costs
are $ 4 million. All of the IAS 38 criteria have been met for recognition of the development costs as an
asset. Product X was brought to market in year 2 and is expected to be marketable for five years. Total
sales of product X are estimated at more than $ 100 million.

Required:

a. Determine the impact research and development costs have on Lincoln company’s year 1 and
year 2 income under (1) IFRS and (2) U.S GAAP.
b. Summarize the difference in income, total assets, and total stockholders equity related to
product X over its five-year life under two different sets of accounting rules.

JAWAB

a. IFRSs Year 1 Year 2

Research expense 6.000.000

Deferred development costs (asset) 4.000.000

Amortization expense – deferred development costs 800,000

U.S. GAAP

Research and development expense 10.000.000 --

0142F–Akuntansi Internasional
b. pada IFRS menghasilkan pendapatan sebelum pajak lebih besar 4.000.000 ditahun
pertama (year 1), dan pendapatan sebelum pajak lebih kecil 800.000 di tahun ke 2 – 6
dibandingkan U.S GAAP

mengesampingkan laba setelah pajak, total aset, dan total modal pemegang saham,
laba yang dihasilkan lebih besar dengan IFRS dengan jumlah berikut ini:

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

4,000,000 3,200,000 2,400,000 1,600,000 800,000 $0

32. Bartholomew corporation acquired 80 percent of the outstanding shares of Samson Company in
year 1 by paying $5,500,000 in cash. The fair value of Samson’s identifiable net assets is $5,000,000.
Bartholomew uses the proportionate share of acquired firm’s net assets approach to measure non
controlling interest. Samson is a separate cash-generating unit. At the end of year 1, Bartholomew
compiles the following information for Samson :

Amount at which the shares of Samson could be sold $ 5,000,000

Cost that would be incurred to sell the shares of Samson $ 200,000
Present value of future cash flows from continuing to control Samson $ 4,750,000

Required:
At what amount should samson’s identifiable net assets and goodwill from the acquisition of Samson
be reported on bartholomew’s consolidated balance sheet at the end of year 1?

0142F–Akuntansi Internasional