{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Ch12_P04A

# Ch12_P04A - \$345,000 Estimated useful life 10years or...

This preview shows pages 1–6. Sign up to view the full content.

Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 12-4A 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

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
REPORT REFERENCE Amortization Calculation M5 Given Data T1 0 0 SPATS Problem 12-4A Nanaimo Touring Company Units-of Double-Declining Straight-Line Production Balance Year 2005 2006 2007

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Given Data: Nanaimo Touring Company Selected Account Information Cost of cruising boat purchased March 5, 2005

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: \$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 Assume amortization for partial periods is calculated using the half-year rule. Nanaimo Touring Company has a December 31 year end....
View Full Document

{[ snackBarMessage ]}

### Page1 / 6

Ch12_P04A - \$345,000 Estimated useful life 10years or...

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online