Ch12_e09 - Selected Account Information Cost of computer...

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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:Q30 Given Data T1
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REPORT REFERENCE Amortization Calculation M5 Given Data T1 0 0 SPATS Exercise 12-9 Labtech Units -of-production Amort. Book Value Year Expense Dec.31 2005 2006 2007 2008
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Given Data: Labtech
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Unformatted text preview: 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: Book value 2008: 30,000 Calculate amortization for each year of the asset's estimated useful life using the units-of -production assumimg the following usage: 2005 1,350 2006 1,780 2007 2,400 2008 2,980 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_e09 - Selected Account Information Cost of computer...

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