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Homework chapter10 page 472

# Homework chapter10 page 472 - \$4.00 = \$22,000...

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Problem 10-2A Name: Section: Accounting 2301 Enter the appropriate amounts in the shaded cells below and the table will complete itself. A red asterisk (*) will appear below an incorrect amount. Calculations: Straight-line method: ( \$90,000 - \$6,000 ) ÷ 3 = \$28,000 per year Units-of-production method: ( \$90,000 - \$6,000 ) ÷ 21,000 = \$4.00 per hour 2006: 8,000 @ \$4.00 = \$32,000 2007: 7,500 @ \$4.00 = \$30,000 2008: 5,500 @
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Unformatted text preview: \$4.00 = \$22,000 Declining-balance method: 2006: \$90,000 x 2/3 = \$63,000 2007: ( \$90,000 -\$60,000 ) x 2/3 = \$21,000 2008: ( \$90,000 -\$80,000 ) -6,000 = \$4,000 Depreciation Expense Units-of-Declining-Straight-Line Production Balance Year Method Method Method 2006 \$28,000 \$32,000 \$63,000 2007 28,000 30,000 21,000 2008 28,000 22,000 4,000 Total \$84,000 \$84,000 \$88,000...
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