Ch12_P08A - Cost of macine installed September 1 2005...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 12-8A 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:Q55 Given Data T1
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REPORT REFERENCE Amortization Calculation M5 Given Data T1 0 0 SPATS Problem 12-8A Wolfville Company Units-of Double-Declining Straight -Line Production Balance Year 2005 2006 2007 2008 2009 Total Part A Part B Part C
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Given Data: Wolfville Company Selected Account Information
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Unformatted text preview: Cost of macine installed September 1, 2005 $210,000 Estimated useful life 4 years or 475,000 units-of pro Salvage Value 20,000 Calculate amortization for eah year of the machines estimated useful life. using each of the following methods : a. Straight line b. Double-declining balance c. Units -of-production assuming the following production 2005 21,400 2006 122,400 2007 119,600 2008 118,200 2009 102,000 Wolfville Company has a December 31 year end. roduction...
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