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301C9gpQ - Required 1 Calculate depreciation expense for...

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Acct 301 Chapter 9 Group Project (P1A) 301C9gpQ.doc/jun’09/Burbage Item # Account classification Amount 1 land 280,000 2 fence – land improvement 6,800 3 land 24,000 4 building 23,000 5 land 2,179 6 parking lot – land improvements 29,000 7 building 33,000 8 property tax expense 5,800 9 building 640,000 Cost of building from above is $696,000 Assume: salvage value is $96,000 and life is 20 years
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Unformatted text preview: Required: 1. Calculate depreciation expense for years 2005-2007 using SL beginning 1/1/05. 2. Calculate depreciation expense for years 2005-2007 using SL beginning 9/30/05. 3. Calculate depreciation expense for years 2005-2007 using DDB beginning 1/1/05. 4. Calculate depreciation expense for years 2005-2007 using DDB beginning 9/30/05....
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