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

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