Question

Exercise 2 January 2018, PT Alam bought a medicinal plants for sale in a track of...

Exercise 2
January 2018, PT Alam bought a medicinal plants for sale in a track of land, the following are the data (price are in Rupiah):
Items Price/year
Land price 500,000,000
Board feet 80,000,000
Plant cut and sold 1,000,000
Goodwill impaired 30,000,000
Patent 70,000,000
Life (patent) 5 year
Used (patent) 2/5 year
Plant price Rp/Board feet 200
Instructions:
4. Calculate the depletion rate
5. Calculate the amortization
6. Journalize the adjusting entries required record the depletion
7. Journalize the adjusting entries for amortization.
8. Journalize the adjusting entries for impairement.
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