2.16 Accounting 211 - Accounting 211 Tuesday February 16th...

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

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.

($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.

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