Chapter 9 Corporate Financial Accounting

Chapter 9 Corporate Financial Accounting - Gain on Sale of...

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Corporate Financial Accounting Chapter 9 EX 1 a) 1, 2, 3, 6 b) 8, 10, 11, 12 EX 9 168,000/10=$16,800 EX 10 188,000/80000=$2.35 per hour, 380*2.35=$893 EX 13 a) 76,000/8=$9,500 b) 86,000*16%=$13,760 EX 15 a) $12,500 [(750,000-300,000)/36] b) $500,000 [750,000-(12,500*20)] c) $15,000 [(500,000-200,000)/20)] EX 18 a) 130,000 (147,500-17,500), 12.5%, 16,250 (130,000*12.5%) 2005= 16,250 (16,250* 12/12), 2006= 32,500 (16,250*24/12), 2007= 48,750 (16,250*36/12) b) 98,750 (147,500-16250*3) Cash 95,000 Accumulated Depr. Equip 135,000 Equip 147,500
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Unformatted text preview: Gain on Sale of Equip 82,500 c) Cash 100,000 Accumulated Depr. Equip 130,000 Equip 147,500 Gain on Sale of Equip 82,500 Cash 100,000 Accumulated Depr. Equip 130,000 Equip 147,500 Gain on disposal of fixed asset 5,000 d) EX 19 a) 280,000-80,000=200,000 b) 280,000-78,750=201,250 PR 9-2A Depreciation Expense Year Straight- Line Method Units-of-Production Double-Declining Method Balance Method 2006 28,000 32,000 60,300 2007 42,000 30,000 119,700 2008 84,000 22,000 180,000...
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This note was uploaded on 02/20/2010 for the course CARD CARD405 taught by Professor Smith during the Spring '10 term at DeVry Addison.

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Chapter 9 Corporate Financial Accounting - Gain on Sale of...

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