Problem 9.3A

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

This preview shows pages 1–3. Sign up to view the full content.

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

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
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.
This is the end of the preview. Sign up to access the rest of the document.

## 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.

### Page1 / 6

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

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online