Ch12_P07A - Double-declining-balance amortization on land...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 12-7A Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Schedule, Journal and Computations M1 M4:Q38 Given Data T1
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REPORT REFERENCE Given Data T1 0 0 SPATS Problem 12-7A New Economy Construction Schedule Appraised Percentage Apportioned Value of Total Cost New Economy Construction General Journal Trans. Date Account Titles no. Debit Credit Straight-line amortization on building =
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Unformatted text preview: Double-declining-balance amortization on land improvements = Given Data: New Economy Construction Cash price for all assets purchased $787,500 Estimated market values: Building 408,000 Land 289,000 Land improvements 42,500 Vehicles 110,500 Straight-line assumptions: Useful life in years 15 Salvage value 25,650 Double-declining-balance amortization assumptions: Useful life in years 5 Check figures: Part 2 $19,575 Part 3 $13,125...
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Ch12_P07A - Double-declining-balance amortization on land...

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