assignment Ch8

assignment Ch8 - 8 -20) a) Building C ash Amortization= 6...

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Unformatted text preview: 8 -20) a) Building C ash Amortization= 6 00000-40000 = 40 2 008 Amortization Expense Acc-Amort 2009 Amortization Expense Acc-Amort 1 4000 $ 6 00,000 600,000 1 4000 14000 14000 14000 b) D ouble Declining Balance= 2 x 1/40= .05 x100= 5% Year 2008 2009 8-27) a) 1 4000-2000 = 1 500 Amort expense 8 Acc Amort(10500)/ Amort expense(1500)= 7years b) Equipment Refurbishment expense Cash c) N B value 14000-10500= 3500 New Amortiziation expense= 3 500- 5000 = - 500 3 7500 7500 N B Value 600000 570000 Calculation 5% x 600000 5% x 570000 Amort Exp 30000 28500 Acc-Amort 30000 58500 ...
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This document was uploaded on 04/06/2011.

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assignment Ch8 - 8 -20) a) Building C ash Amortization= 6...

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