320CheckFigures_11(1) - compare it with the new carrying...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 11 Depreciation, Impairments, and Depletion EXERCISE 11-4 We are not covering sum-of-the-years’ digits. The answer to item (d) is $44,800. EXERCISE 11-17 (c) You will need an entry to record the recovery in fair value since the asset is being held for sale. Use the new fair value less cost of disposal stated in this part and
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: compare it with the new carrying value (after the loss adjustment in part a). The debit is Accumulated Depreciation – Equipment and the credit is Recovery of Loss on Impairment. 11-1...
View Full Document

This note was uploaded on 11/22/2010 for the course ACCT 320 taught by Professor Alee during the Spring '10 term at Kansas State University.

Ask a homework question - tutors are online