2.16 Accounting 211 - Book Value Cost 50,000 Accumulated...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
($50,000 - $12,000) / 8 years = $4,750 annual rate of Depreciation
Image of page 2
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern