Acct557-10-2A_-10-3A(1)(1)

Acct557-10-2A_-10-3A(1)(1) - LouisWilson...

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Louis Wilson Instructor: Dr. Gbenedio/Acct 557 P10-2A Juresic Transportation (a) Year Computation BUS 1 2006 $90,000 X 20% = $18,000 $18,000  2007 $90,000 X 20% = $18,000 36,000 2008 $90,000 X 20% = $18,000 54,000 BUS 2 2006 $120,000 X 50% = $60,000 $60,000  2007 $60,000 X 50% = $30,000 90,000 2008 $30,000 X 50% = $15,000 105,000 BUS 3 2007 24,000 miles X $.60 = $14,400 $14,400  2008 34,000 X $60 = $20,400 34,800 $72,000 ÷ 120,000 miles = $.60 per mile (B) Year Computation Expense BUS 2 2006 $120,000 x 50% x 9/12 = $45,000 $45,000  2007 $75,000 x 50% = $37,500 $37,500                    12/31
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Louis Wilson Instructor: Dr. Gbenedio/Acct 557 P10-3A PELE COMPANY (A) (1) Purchase price $38,000  Sales Tax 1,700 Shipping Costs 150 Insurance during shipping 80 Installation and testing 70 Total cost of machinery $40,000  Machinery $40,000          Cash $40,000  (2) Recorded cost $40,000 
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This note was uploaded on 03/15/2011 for the course ACCT 557 taught by Professor Kahn during the Spring '10 term at Strayer.

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Acct557-10-2A_-10-3A(1)(1) - LouisWilson...

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