Hinson 13-5 Depreciation Expense - Partial Years

# Hinson 13-5 Depreciation Expense - Partial Years -...

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Intermediate Accounting I Assignment 13-5 Depreciation Expense – Partial Years Jamie Hinson April 7, 2008 Exercise 11-3 1. Straight Line (\$115,000 – 5,000) / 10 years = \$11,000 per year 2. Sum-of-the-years’ digits Year Depreciation Base X Depre. Rate Pear Yr. = Depre. Book Value End of Year 1…. .\$110,000…………X……5/15……………=……\$36,667 2…. .\$110,000…………X……4/15……………=……\$29,333 3…. .\$110,000…………X……3/15……………=……\$22,000 4…. .\$110,000…………X……2/15……………=……\$14,667 5…. .\$110,000…………X……1/15……………=……\$7,333 total…………………………. ..15/15………….=……\$110,000 3. Double-declining balance Year book value beg. Of year X Depre. Rate per year = Depre. Book value end of year 1…. .\$115,000…………X……40%…….=….\$46,000….=……\$69,000 2…. .\$69,000…………. .X……40%…….=….\$27,600….=……\$41,400

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## This note was uploaded on 09/28/2010 for the course MBA 737 taught by Professor Wright during the Spring '10 term at Heidelberg.

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Hinson 13-5 Depreciation Expense - Partial Years -...

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