Problem 9.3A - Student Name: Class: McGraw-Hill/Irwin...

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Student Name: Class: McGraw-Hill/Irwin Problem 09-02 Depreciation Schedules a.(1) Straight-Line Schedule Depreciation Accumulated Book Year Expense Depreciation Value 2006 2007 2008 2009 2010 2011 a.(2) 200% Declining-Balance Schedule Depreciation Accumulated Book Year Expense Depreciation Value 2006 2007 2008 2009 2010 2011 a.(3) 150% Declining-Balance Schedule Depreciation Accumulated Book Year Expense Depreciation Value 2006 2007 2008 2009 *2010 *2011 *Switch to straight-line b. Which of the three methods is most common for financial reporting purposes? Explain. Computation of Gain or Loss upon Disposal
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Student Name: Class: McGraw-Hill/Irwin Problem 09-02 c.(1) Straight-Line Cash proceeds Book value on 12/31/09 Loss on disposal c.(2) 200% Declining-Balance Cash proceeds Book value on 12/31/09 Gain on disposal c.(3) 150% Declining-Balance Cash proceeds Book value on 12/31/04 Loss on disposal c. Does the gain or loss reported in the company's income statement have any direct cash effects? Explain.
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This note was uploaded on 12/18/2010 for the course BME 254788 taught by Professor Mitchell during the Spring '10 term at SUNY Albany.

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Problem 9.3A - Student Name: Class: McGraw-Hill/Irwin...

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