Chapter 08 Homework 2

Chapter 08 Homework 2 - 75,000.00 2) The benefits of the...

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Professor Smith ACCT151 6 November 2008 Chapter 8 Homework 2 P5,P10,E8,P11,D2 P5) 1) Copyright: $35,000.00 Equipment: $350,000.00 2) Property, Plant, and Equipment $4,459,000.00 292,000.00 (315,000.00) (672,000.00) $3,764,000.00 3) Intangible Assets $673,000.00 (315,000.00) (33,000.00) (15,000.00) $310,000.00 P10) 1) Statement of Cash Flows Operating Activity 2009 2008 Depreciation Expense $ 12,000.00 $ 12,000.00 Loss on Sale 5,000.00 Investing Activity Purchase of Machinery (205,000.00) (104,000.00) Sale of Machinery
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Unformatted text preview: 75,000.00 2) The benefits of the new machinery must have outweighed the extra cost E8) Trademark Patent Copyright Amortization Expense: none $ 5,000.00 $ 4,000.00 Accumulated Amortization: none 30,000.00 12,000.00 P11) 1) $119,000.00 2) $289,000.00; 2007; 2.8 years; Investing Activity 3) Operating Activity: Amortization Expense $102,000.00 4) Operating Activity: Gain on Sale $(132,000.00) Investing Activity: Patent $200,000.00...
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Chapter 08 Homework 2 - 75,000.00 2) The benefits of the...

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