Plant Assets, Natural Resources, and Intangible Assets

1. PT Syarufidin bought a piece of land in the Cicayur area. The land was purchased for Rp 300,000,000.00. On the land there was an old building, so PT Syarufidin demolished the building at a cost of Rp. 20,000,000.00. Apart from that, PT Syarufidin also paid a legal fee of IDR 20,000,000 and a commission of IDR 75,000,000.00. Calculate the value of the land until it can be used and make a journal!

2. PT Kemanggisan purchased a truck valued at IDR 225,000,000.00 for delivery of goods. The truck is expected to be used for 8 years and will have a salvage value of IDR 25,000,000.00. The company uses the Straight Line Method. After being used for 5 years, the company re-checked. Journalize in year 6 if a) The truck is expected to be used for another 5 years and the residual value is IDR 10,000,000.00 b) The fair value of the truck is IDR 80,000,000.00

3. A clothing store buys a pick-up truck for IDR 110,000,000.00. The car is estimated to have a useful life of 5 years and will have a salvage value of IDR 5,000,000.00 at the end of its useful life. The shop uses the Declining Balance Method.

On January 1 of the fourth year, the shop sold the car. Make a release journal if a) The car is sold for IDR 26,000,000.00 b) The car is exchanged for a new pick-up car worth IDR 120,000,000 with an additional fee of IDR 100,000,000.00

4. PT Syarifudin has an intangible asset in the form of a patent worth IDR 50,000,000.00 with a lifespan of 10 years (active from 2015) and a copyright worth IDR 45,000,000.00 with a lifespan of 6 years (active from 2019) . During 2021, PT Syarifudin has the following transactions. a) On January 1, 2021, PT Syarifudin extended the patent rights by paying a fee of IDR 20,000,000.00 for 4 years b) On November 10, 2021, PT Syarifudin conducted research and development of new products with a value of IDR 50,000,000.00 Make a journal to record both transactions and amortization if PT Syarifudin uses the Straight Line Method.