2.16 Accounting 211

2.16 Accounting 211 - 12/31/01 Book Value Cost 50,000-...

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Accounting 211 Tuesday, February 16th, 1999 Announcements: none Lecture notes: Example: Machine Cost = $50,000 Estimated Life = 8 years Estimated Residual Value = $12,000 Estimated Output = 50,000 units Purchase Date = 1/1/98 Straight Line Depreciation
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($50,000 - $12,000) / 8 years = $4,750 annual rate of Depreciation
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Unformatted text preview: 12/31/01 Book Value Cost 50,000- Accumulated Depreciation- 12,000 Book Value $31,000 Double Declining Balance Method Date Depreciati on Expense Book Value 1/1/98 50,000 12/31/98 12,500 37,500 12/31/99 9,375 28,125 12/31/00 7,031 21,094 12/31/01 5,273...
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2.16 Accounting 211 - 12/31/01 Book Value Cost 50,000-...

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