ch11
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ch11

Course Number: BUS 300, Fall 2011

College/University: Oglethorpe

Word Count: 1643

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Name: Date: Instructor: Course: Intermediate Accounting, 14th Edition by Kieso, Weygandt, and Warfield Primer on Using Excel in Accounting by Rex A Schildhouse E11-1 (Depreciation ComputationsSL, SYD, DDB) Lansbury Company purchases equipment on January 1, Year 1, at a cost of $518,000 . The asset is expected to have a service life of 12 years and a salvage value of $50,000 Instructions: (a) Compute the amount of...

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ac50b0c3a484f118365cffbee937234c497cd24c.xlsx, Exercise 11-1, Page 1 of 5, 03/05/2012, 12:32:05 Name: Date: Instructor: Course: January 1, Year 1, at a cost of $518,000 . The asset is expected to have a service life of 12 years and a salvage value of $50,000 Instructions: Straight-line method depreciation for each of Years 1 through 3 is computed as: Cost: $518,000 Salvage value: 50,000 Depreciable value: 468,000 Asset life: (Years) 12 Annual straight-line depreciation value: $39,000 Excel formula for straight-line depreciation is =SLN(Cost,Salvage,Life) Area for Excel calculations as desired. $39,000.00 Cost: $518,000 Salvage value: 50,000 Depreciable value: 468,000 Denominator Depreciation expense for year: 1 12 78 $72,000 Depreciation expense for year: 2 11 78 $66,000 Depreciation expense for year: 3 10 78 $60,000 The Excel formula for Sum-of-Years-Digits Depreciation is =SYD(Cost,Salvage,Life,Period) Depreciation expense for year: 1 $72,000.00 Depreciation expense for year: 2 $66,000.00 $66,000.

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