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Ch12_e13

# Ch12_e13 - Book Value Year Expense Amort Dec.31 2005 2006...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Exercise 12-13 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:Q40 Given Data T1

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REPORT REFERENCE Amortization Calculation M5 Given Data T1 0 0 SPATS Exercise 12-13 Barrow Company Straight-Line Amort. Accum. Book Value Year Expense Amort Dec.31 2005 2006 2007 2008 Double-Declining-Balance Amort. Accum.

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Unformatted text preview: Book Value Year Expense Amort Dec.31 2005 2006 2007 2008 Given Data: Barrow Company Selected Account Information Cost of computerized machine installed January 3,2005 \$53,000 Estimated useful life 4years Trade in value after 4 years 17,000 Check figure: DDB amort. Expense 2006: 9,500 Calculate amortization for each year of the asset's estimated useful life using each of the following methods : a. Straight line b. Double-declining balance...
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