9-9 - 9000 2008 Depreciation Exp 9000 Accumulated...

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a.1 9000 per year for straight line a.2 20000 depreciated for the first year 12000 depreciated for the second year 7200 depreciated for the third year 4320 depreciated for the forth year 1480 depreciated for the fifth year Straight line Cash + Drill Press - Acc. Dep. = Ret. Earn Rev - exp = net inc Cash Flow -50000 50000 50000 ia 9000 -9000 9000 -9000 na Double declining balance depreciation Cash + Drill Press - Acc. Dep. = Ret. Earn Rev - exp = net inc Cash Flow -50000 50000 50000 ia 20000 -20000 20000 -20000 na c Straight Line Account Title Debit Credit Drill Press 50000 Cash 50000 2006 Depreciation Exp 9000 Accumulated depreciation 9000 2007 Depreciation Exp 9000 Accumulated depreciation
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Unformatted text preview: 9000 2008 Depreciation Exp 9000 Accumulated depreciation 9000 2009 Depreciation Exp 9000 Accumulated depreciation 9000 2010 Depreciation Exp 9000 Accumulated depreciation 9000 Double Declining Account Title Debit Credit Drill Press 50000 Cash 50000 12/31/2006 Depreciation Exp 20000 Accumulated depreciation 20000 12/31/2007 Depreciation Exp 12000 Accumulated depreciation 12000 12/31/2008 Depreciation Exp 7200 Accumulated depreciation 7200 12/31/2009 Depreciation Exp 4320 Accumulated depreciation 4320 12/31/2010 Depreciation Exp 1480 Accumulated depreciation 1480...
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9-9 - 9000 2008 Depreciation Exp 9000 Accumulated...

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