Ch12_e10 - 4,336 Amortization Capital Asset Subledger...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Exercise 12-10 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:W40 Given Data Y1
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REPORT REFERENCE Amortization Calculation M5 Given Data Y1 0 0 SPATS Exercise 12-10 Creo Products Cost Information Date of Amortization Description Purchase Method Cost Salvage Life Building May 2, 1999 S/L $325,000 125,000 10 yr. Land May 2, 1999 N/A 120,000 N/A N/A Truck Jan 25, 2002 DDB 40,000 5,000 8 yr.
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Given Data: Creo Products Selected Account Information 31-Dec-04 Total capital assets $485,000 Accumulated amortization 135,989 Check figure: 1. Amortization expense, truck:
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Unformatted text preview: 4,336 Amortization Capital Asset Subledger Balance of Amortization Balance of Acc. Amort. expense for Acc. Amort. Dec 31, 2004 2005 Dec 31, 2005 Date of Amortization Description Purchase Method $133,000 0 Building May 2, 1999 S/L 22,656 Land May 2, 1999 N/A Truck Jan 25, 2002 DDB Complete the schedule by calculating amortization expense for ea Cost Information Amortization Balance of Amortization Balance of Acc. Amort. expense for Acc. Amort. Cost Salvage Life Dec 31, 2004 2005 Dec 31, 2005 $325,000 125,000 10 yr. $133,000 120,000 N/A N/A 0 40,000 5,000 8 yr. 22,656 ach asset and then determining the balance of the accumulated amortization at December 31, 2005....
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Ch12_e10 - 4,336 Amortization Capital Asset Subledger...

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