Homework chapter 3

# Homework chapter 3 - Michael Ientile Exercises 3 1 2...

This preview shows pages 1–2. Sign up to view the full content.

Michael Ientile Exercises 3: 1, 2 Problems 3: 5,7,8 Ex 3-1 The installed cost of a new computerized controller was \$65,000. Calculate the depreciation schedule by year assuming a recovery period of 5 year and using the appropriate MACRS depreciation percentages given in Table 3.2 on page 108. Year Cost Percentages from table Depreciation 1 \$65,000 20% \$13,000 2 \$65,000 32% \$20,800 3 \$65,000 19% \$12,350 4 \$65,000 12% \$7,800 5 \$65,000 12% \$7,800 6 \$65,000 5% \$3,250 Ex 3-2 Classify the following changes in each of the accounts as either an inflow or an outflow of cash. During the year (a) marketable securities increased, (b) land and buildings decreased, (c) accounts payable increased, (d) vehicles decreased, (e) accounts receivable increased, and (f) dividends were paid. Inflow Outflow A Marketable securities increased X B Land and buildings decreased X C Accounts payable increased X D Vehicles decreased X E Accounts Receivable increased X F Dividends were paid X P3-5 Classifying inflows and outflows of cash

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 09/24/2010 for the course BU 506 taught by Professor Dr.reynolds during the Spring '10 term at Georgian.

### Page1 / 2

Homework chapter 3 - Michael Ientile Exercises 3 1 2...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online