Ch12_P03A - Selected Account Information Cost of cruising...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 12-3A 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 Problem 12-3A Nanaimo Touring Company Units-of Double-Declining Straight-Line Production Balance Year 2005 2006 2007
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Given Data: Nanaimo Touring Company
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Unformatted text preview: Selected Account Information Cost of cruising boat purchased March 5, 2005 $345,000 Estimated useful life 10years or 13,250hours Salvage Value 80,000 Calculate amortization for the fiscal years 2005,2006, and 2007. using each of the following methods : a. Straight line b. Double-declining balance c. Units-of-production assuming the following actual hours of water service 2005 720 2006 1,780 2007 1,535 Nanaimo Touring Company has a December 31 year end....
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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_P03A - Selected Account Information Cost of cruising...

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