Ch12_e08 - Expense Dec.31 2005 2006 2007 2008 Given Data:...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Exercise 12-9 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:Q33 Given Data T1
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REPORT REFERENCE Amortization Calculation M5 Given Data T1 0 0 SPATS Exercise 12-9 Labtech Straight-Line Method Amort. Book Value Year Expense Dec.31 2005 2006 2007 2008 Double-Declining-Balance Method Amort. Book Value Year
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Unformatted text preview: Expense Dec.31 2005 2006 2007 2008 Given Data: Labtech Selected Account Information Cost of computer equipment purchased January 3,2005 $147,000 Estimated useful life 6,500 hours of use Salvage value after 4 years 30,000 Check figure: DDB Amortization expense 2007: 6,750 Calculate amortization and book value for each year of the asset's estimated useful life using the straigt-line and double-declining-balance method. Labtech's year end is December 31....
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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Ch12_e08 - Expense Dec.31 2005 2006 2007 2008 Given Data:...

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