BE11-All - BRIEF EXERCISE 11-1 2008: 2009: ($54,000 $2,000)...

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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)...

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