Ch12_P07B - Double-declining-balance amortization on land...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 12-7B 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
Background image of page 1

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

View Full DocumentRight Arrow Icon
REPORT REFERENCE Given Data T1 0 0 SPATS Problem 12-7B Willo Company Schedule Appraised Percentage Apportioned Value of Total Cost Willo Company General Journal Trans. Date Account Titles no. Debit Credit Straight-line amortization on building =
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Double-declining-balance amortization on land improvements = Given Data: Willo Company Cash price for all assets purchased $870,000 Estimated market values: Building 552,750 Land 331,650 Land improvements 100,500 Truck 20,100 Straight-line assumptions: Useful life in years 15 Salvage value 37,500 Double-declining-balance amortization assumptions: Useful life in years 8 Check figures: Part 2 $7,350 Part 3 $5,438...
View Full Document

Page1 / 3

Ch12_P07B - Double-declining-balance amortization on land...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online