Ch12_e15 - Barrow Company Selected Account Information Cost...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Exercise 12-15 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 12-15 Barrow Company Double Units-of Straight-Line Declining Bal Production Amort. Amort. Amort. Year Expense Expense Expense 2005 2006 2007 2008 2009
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Given Data:
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Unformatted text preview: Barrow Company Selected Account Information Cost of computerized machine installed March 3,2005 $53,000 Estimated useful life 4years Trade in value after 4 years 17,000 Check figure: DDB 2006: 13,917 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 c. Units -of-production assuming the following production 2005 26,000 2006 21,000 2007 29,000 2008 18,000...
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Ch12_e15 - Barrow Company Selected Account Information Cost...

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