Ch12_e07 - Selected Account Information Cost of truck...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Exercise 12-7 Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Amortization Calculation M1 M5:Q26 Given Data T1
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REPORT REFERENCE Amortization Calculation M5 Given Data T1 0 0 SPATS Exercise 12-7 JenStar Trading Part A Part B Part C
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Given Data: JenStar Trading
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Unformatted text preview: Selected Account Information Cost of truck purchased January 1,2005 $29,800 Estimated useful life 5years or 240,000 kilometres Salvage value 5,800 Check figure: b. 11,920 Calculate amortization for the year ended December 31,2005, using each of the following methods : a. Straight line b. Double-declining balance c. Units of production(assume 38,000 kilometres were actually driven in 2005...
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Ch12_e07 - Selected Account Information Cost of truck...

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