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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This note was uploaded on 02/06/2009 for the course ACCT 2301 taught by Professor Pitts during the Spring '07 term at Hobart and William Smith Colleges.

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