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Ch12_qs07 - Annual Year Calculation Amortization 2005 2006...

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Fundamental Accounting Principles Student Name: Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: SPATS Quick Study 12-7 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:Q25 Given Data T1
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REPORT REFERENCE Amortization Calculation M5 Given Data T1 0 0 SPATS Quick Study 12-7 Wimberly Holdings Annual rate of amortization
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Unformatted text preview: Annual Year Calculation Amortization 2005 2006 2007 2008 2009 Given Data: Wimberly Holdings Selected Account Information Purchase of delivery truck on January 1, 2005 $86,000 Expected to last 5 years Salvage value 16,000 Calculate amortization for 2005 through 2009 using the double declining balance method. Delta's year end is December 31....
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