module exercise 5 - Fixed assets = book value accumulated...

Info iconThis preview shows pages 1–12. Sign up to view the full content.

View Full Document Right Arrow Icon
A. B. Depreciation expense
Background image of page 1

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

View Full DocumentRight Arrow Icon
In 2012, computer depreciation is over. So in 2010, the depreciation is office D+ m D= (1200- 150)/7+(3000-300)/5=150+540=690 C. Double-declining method Double – declining rate = 2 * straight- line rate(1/estimated life) Here, in 2008, the depreciation = 2000 * 2* 1/5 =800 D. E.
Background image of page 2
Fixed assets
Background image of page 3

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

View Full DocumentRight Arrow Icon
Background image of page 4
Background image of page 5

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

View Full DocumentRight Arrow Icon
Background image of page 6
Background image of page 7

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

View Full DocumentRight Arrow Icon
Background image of page 8
Background image of page 9

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

View Full DocumentRight Arrow Icon
Background image of page 10
Background image of page 11

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

View Full DocumentRight Arrow Icon
Background image of page 12
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Fixed assets = book value accumulated depreciation Bond A. Under 100 Over 100 Bond interest Simple interest Under 100 Discount on bonds payable = 3000/30=100 Over 100 Redeem of a bond Regular redeem of a bond Under 100 Over 100 A. Net book value B. Scrapped assets C. Asset Loss Gain...
View Full Document

Page1 / 12

module exercise 5 - Fixed assets = book value accumulated...

This preview shows document pages 1 - 12. Sign up to view the full document.

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