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Ch12_P09B - Balance of Amortization Amortization Tools...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Problem 12-9B 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:W40 Given Data Y1
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REPORT REFERENCE Amortization Calculation M5 Given Data Y1 0 0 SPATS Problem 12-9B East Coast Helicopter Cost Information Date of Amortization Description Purchase Method Cost Salvage Life Hangar October 3,2002 S/L $52,000 $14,000 20 yr. Helicopter October 28,2003 UOP $540,000 $180,000 10,000 Tools November3, 2002 DDB $64,000 $15,000 5 yr.
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Given Data: East Coast Helicopter Selected Account Information 30-Apr-05 Description Amortization Hangar Helicopter
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Unformatted text preview: Balance of Amortization Amortization Tools Balance of Amortization Balance of Acc. Amort. expense for Acc. Amort. East Coast Helicopter calculates April 30,2005 2005 April 30,2006 Actual Flying Hours flying hrs.2 2003 2004 2005 2006 Complete the schedule. Cost Information Amortization Balance of Amortization Date of Amortization Acc. Amort. expense for Purchase Method Cost Salvage Life April 30,2005 2005 October 3,2002 S/L $52,000 $14,000 20 yr. October 28,2003 UOP $540,000 $180,000 10,000 flying hrs.2 November3, 2002 DDB $64,000 $15,000 5 yr. amortization for partial periods using the half-year rule. 94 1015 928 1059 Balance of Acc. Amort. April 30,2006...
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