{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Week 4 - Team A assignments

Week 4 - Team A assignments - E11-8(Depreciation...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

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

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

Unformatted text preview: E11-8 (Depreciation ComputationReplacement, Nonmonetary Exchange) George Zidek Corporatio bought a machine on June 1, 2005, for $31,000, f.o.b. the place of manufacture. Freight to the point where it was set up was $200, and $500 was expended to install it. The machines useful life was es at 10 years, with a salvage value of $2,500. On June 1, 2006, an essential part of the machine is replaced, at a cost of $1,980, with one designed to reduce the cost of operating the machine. The co the old part and related depreciation cannot be determined with any accuracy. On June 1, 2009, the company buys a new machine of greater capacity for $35,000, delivered, tradi in the old machine which has a fair market value and trade-in allowance of $20,000. To prepare the machine for removal from the plant cost $75, and expenditures to install the new one were $1,500. Imachine for removal from the plant cost $75, and expenditures to install the new one were $1,500....
View Full Document

{[ snackBarMessage ]}

Page1 / 6

Week 4 - Team A assignments - E11-8(Depreciation...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon bookmark
Ask a homework question - tutors are online