# BE11-All - BRIEF EXERCISE 11-1 2008 2009(\$54,000 \$2,000 X...

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BRIEF EXERCISE 11-1 2008: (\$54,000 – \$2,000) X 43,000 = \$8,944 250,000 2009: (\$54,000 – \$2,000) X 60,000 = \$12,480 250,000 BRIEF EXERCISE 11-2 (a) \$70,000 – \$6,000 = \$8,000 8 (b) \$70,000 – \$6,000 X 4/12 = \$2,667 8 BRIEF EXERCISE 11-3 (a) (\$70,000 – \$6,000) X 8/36 = \$14,222 (b) [(\$70,000 – \$6,000) X 8/36] X 9/12 = \$10,667 BRIEF EXERCISE 11-4 (a) \$70,000 X 25% = \$17,500 (b) (\$70,000 X 25%) X 3/12 = \$4,375 BRIEF EXERCISE 11-5 Amortization Base = (\$25,000 + \$200 + \$125 + \$500 + \$475) – \$3,000 = \$23,300. BRIEF EXERCISE 11-6 Inventory. .......................................................... 72,625

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Accumulated Depletion. ......................... 72,625 \$400,000 + \$100,000 + \$75,000 – \$160,000 = \$103.75 per ton 4,000 700 X \$103.75 = \$72,625 BRIEF EXERCISE 11-7 Asset Amortization Per Year A (\$70,000 – \$17,000)/10 = \$5,300 B (\$50,000 – \$10,000)/15 = 2,667 C (\$82,000 – \$14,000)/12 = 5,667 \$13,634 (a) Composite rate = \$13,634/\$202,000 = 6.75% (b) Composite life = \$161,000/\$13,634 = 11.8 years
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BE11-All - BRIEF EXERCISE 11-1 2008 2009(\$54,000 \$2,000 X...

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