Multiple Choice

1. Additional adjusting entries that impact the measurement of use rights assets and leased liabilities include the following, except:

1. Lease prepayments and incentives.
2. Initial direct costs
3. Estimated cost of unloading, restoration
4. Internal costs

2. Which of the following is required to calculate depreciation: I. Estimated residual value, II. Estimated useful life; III. Revaluation cost or value; and IV. Depreciation method.

1. I, II, III and IV
2. I and III only
3. I, II and IV only
4. II and III only

3. PT Turbo leases machines from PT Tekno based on an agreement that meets the criteria as a finance lease for PT Turbo. A six-year lease requires a prepayment of CU170,000 per year, including CU25,000 per year for maintenance, insurance, and taxes. The incremental loan interest rate for tenants is 10%. The tenant's implicit interest rate is 8% and is known to the tenant. The present value of the 10% maturity 1 annuity of 10% is 4.79079. The present value of the annuity with maturity of 1 for six years at 8% is CU4.99271. PT Turbo must record the use rights assets of:

1. CU694,665
2. CU848,761
3. CU723,943
4. CU814,435

4. Which of the following is a requirement for IAS 16 / PSAK 16. I. All non-current asset classes must be revalued together: II. If the revaluation model is adopted, non-current assets must be revalued at fair value or value in use; III before the depreciable assets are revalued the accumulated depreciation must be written back to the asset account.

1. II only
2. I, II and III only
3. II and III only
4. I and III only

5. If assets are measured by revalued capital, any impairment loss is treated as:

1. A decrease in the revaluation surplus account
2. Added to depreciation expense
3. An increase in the revaluation surplus account
4. Deducted from depreciation expense