Ch12_P04B

# Ch12_P04B - \$145,000 Estimated useful life 5 years or...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 12-4B 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 12-4B Tundra Tours Units-of Double-Declining Straight-Line Production Balance Year 2005 2006 2007 2008 2009 2010 Total

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Given Data: Tundra Tours Selected Account Information Cost of tundra buggy purchased October 19, 2005

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Unformatted text preview: \$145,000 Estimated useful life 5 years or 100,000 kilometres Salvage Value 25,000 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 kilometres of use: 2005 5,800 2006 19,400 2007 22,850 2008 25,700 2009 19,980 2010 14,600 Tundra Tours has a December 31 year end. Assume the amortization for partial periods is calculated using the half-year rule....
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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_P04B - \$145,000 Estimated useful life 5 years or...

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