Midterm2 Comp Problem# 9.2B - Student Name: Ankita Shah...

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Student Name: Ankita Shah Midterm: #2 Problem# 9.2B Depreciation Schedules a.(1) Straight-Line Schedule Depreciation Accumulated Book Year Expense Depreciation Value 2006 $17,000 $17,000 $163,000 2007 $34,000 51,000 129,000 2008 $34,000 85,000 95,000 2009 $34,000 119,000 61,000 2010 $34,000 153,000 27,000 2011 $17,000 170,000 10,000 a.(2) 200% Declining-Balance Schedule Depreciation Accumulated Book Year Expense Depreciation Value 2006 $36,000 $36,000 $144,000 2007 $57,600 93,600 86,400 2008 $34,560 128,160 51,840 2009 $20,736 148,896 31,104 2010 $12,442 161,338 18,662 2011 $8,662 170,000 10,000 a.(3) 150% Declining-Balance Schedule Depreciation Accumulated Book Year Expense Depreciation Value 2006 $27,000 $27,000 $153,000 2007 $45,900 72,900 107,100 2008 $32,130 105,030 74,970 2009 $22,491 127,521 52,479 *2010 $21,240 148,761 31,240 *2011 $21,240 170,000 10,000 *Switch to straight-line
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b. Which of the three methods is most common for financial reporting purposes? Explain.
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This note was uploaded on 12/13/2009 for the course ACCOUNTING ACCTG 50 taught by Professor B during the Fall '09 term at University of Phoenix.

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Midterm2 Comp Problem# 9.2B - Student Name: Ankita Shah...

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