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9 - Michael Novack 260265638 HW 10 E11-7 A B C D E...

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Michael Novack 260265638 HW # 10 E11-7) A. Straight-line $ 30,000 B. Units of output $31,875 C. Working hours $31,800 D. Declining –balance using a 20% rate $ 54,684 E. Sum of the years’ digits $33,200 E11-9) 1. 2002 5320 a. 2009 2760 b. 2003-2008 87,600 2. 2002 0 a. 2009 14,600 b. 2003-2008 87,600 3. 2002 14,600 a. 2009 0 b. 2003-2008 87,600 4. 2002 7,300 a. 2009 7,300 b. 2003-2008 87,600 5. 2002 4866.67 a. 2009 10,950 b. 2003-2008 87,600 6. 2002 6083.33 a. 2009 12,166.67 b. 2003-2008 87,600 1
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Michael Novack 260265638 HW # 10 B. The 1 st one takes into account every single day as to calculate the precise cost of amortization that occurred while the asset was in your possession. The 2 nd /3 rd ones are used depending on your standard of possession, in which the asset is actually considered yours. The 4 th one is a generalization that is used by most firms as an equalizer between the 2 nd and 3 rd options, very popular. The 5 th /6 th one are similar to the 2 nd /3 rd as a company’s definition of possession of asset comes into play when calculating accumulated amortization with the asset in you possession. E11-12) A. Depletion 107,440 B. Amortization 1,190 C. Cost of 2008 logging reforestation expense would be 14,000. Treat this as an expense,
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