美國CPA模擬習(xí)題：商業(yè)票據(jù) 擔(dān)保交易 擔(dān)保及債權(quán)人權(quán)利（二）

為了幫助參加2014年美國cpa考試的學(xué)員鞏固知識，提高備考效果，正保會計網(wǎng)校特為大家整理了美國cpa考試模擬試題，幫助廣大考生一起學(xué)習(xí)一起進步。

Douglas Co.leased machinery with an economic useful life of six years. For tax purposes,the depreciable life is seven years.The lease is for five years,and Douglas can purchase the machinery at fair value at the end of the lease.What is the depreciable life of the leased machinery for financial reporting?

a.Seven years.

b.Six years.

c.Zero.

d.Five years.

Explanation

Choice"d"is correct.This lease will be accounted for as a capital lease because the lease term of five years is 75% of the economic life of six years.Assets acquired under capital (finance) leases are depreciated using the same theory as purchased assets.The purchase option is for"fair value."It is not a"bargain purchase option"therefore the assumption cannot be made that Douglas Co.will acquire the machine at the end of the lease period.As a result,the machinery should be depreciated over the five-year lease term under both IFRS & U.S.GAAP.

Choice"c"is incorrect.Assets acquired under capital lease must be depreciated.

Choice"b"is incorrect.Although the machine has an economic life of six years, Douglas should depreciate the machinery over the five-year lease term because Douglas will most likely not keep the machinery after the lease term (there is no indication that Douglas will exercise the fair value purchase option).

Choice"a"is incorrect.Tax life is not used for financial accounting purposes.