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Ch12_P08B - Cost of machine installed May 2 2005 $195,000...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 12-8B 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 12-8B Gibbons Co. Units-of Double-Declining Straight -Line Production Balance Year 2005 2006 2007 2008 2009 2010 Total Part A Part B Part C
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Given Data: Gibbons Co. Selected Account Information
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Unformatted text preview: Cost of machine installed May 2, 2005 $195,000 Estimated useful life 5 years or 120,000 units-of pro Salvage Value 27,300 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 16,800 2006 26,400 2007 24,000 2008 22,800 2009 19,000 2010 22,100 Gibbons Co. has a December 31 year end. roduction...
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