ch 8_Solutions - M8-4)21,500 3 x [(21,500 - 1,500) x (1/4)]...

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Unformatted text preview: M8-4)21,500 3 x [(21,500 - 1,500) x (1/4)] = $6,500M8-5)21,500 - [(21,500) x (2/4)] + [(21,500 10,750) x (2/4)] + [(21,500 16,125) x (2/4)]= $2,688M8-6)[(21,500 1,500) / 20,000] x 3,000 = $3,000[(21,500 1,500) / 20,000] x 8,000 = $8,000[(21,500 1,500) / 20,000] x 7,000 = $7,000[(21,500 1,500) / 20,000] x 2,000 = $2,0003,000 + 8,000 + 7,000 + 2,000 = $20,00021,500 20,000 = $1,500M8-8)(6,200 200) x (1/12) = $500Cash received$1,400Original cost of shelving units$6,200Less: Accumulated depreciation ($500 x 10 years)$5,000Book value at date of sale$1,200Gain on sale of shelving units$200Depreciation Expense500Accumulated depreciation500Cash1,400Accumulated depreciation5,000Shelving units6,200Gain on sale of shelving units200P8-6)1) A) Cash8,200Accumulated depreciation12,750Machine A20,000Gain on sale of machine A950B) Depreciation Expense1,930Accumulated depreciation1,930Cash23,000Notes receivable (12% interest)4,000Accumulated depreciation17,370Machine B...
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This homework help was uploaded on 02/19/2009 for the course HA 230 taught by Professor Davidlee during the Fall '06 term at Cornell University (Engineering School).

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ch 8_Solutions - M8-4)21,500 3 x [(21,500 - 1,500) x (1/4)]...

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