chapter 11 final

# chapter 11 final - Chapter 11 part 1 initial...

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Chapter 11 part 1 initial submission (questions 9,13,BE11-1, BE11-4, BE 11-5, BE11-6) 9) Straight line method 7350 units of output 35000 sum of the years' digits 14000 Double declining balance methods 16200 13) Original estimate : 250000/50 50,000 depreciation to jan 1 2011: 50,000*24 = 1,200,000 depreciation in 2011( 2,500,000-1,200,000)/15years= 86,667 BE11-1 2010 6900 2011 9300 BE11-4 a) 80,000*25%= 20,000 b) (80,000*25%)*3/12 = 5,000 BE11-5 depreciation base= ( 28,000 + 200 + 125 + 500 + 475)- 3000 = 26,300 BE11-6 asset depreciation expense A (70,000-7,000)/10= 6,300 B (50,000 - 5,000)/5 = 9,000 C (82,000 - 4,000)/12 = 6,500 21,800

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Chapter 11 part 2 initial submission (E11-2, E11-4, E11-12, E11-18, E11-21, E11-23, E11-25) E11-2 Year straight line 1 9000 15000 20000 2 9000 12000 12000 3 9000 9000 7200 4 9000 6000 4320 5 9000 3000 1480 Total 45000 45000 45000 a) 50,000 b) 5,000 c) Double declining balance d) Straight line e) both straight line and sum of the years digits f) Double declining balance E11-4 Year Straight line units of output working hours 2011 26,400 28,050 27,984 44,800 E11-12 1984 1900000 useful life 40 years salvage value 60000 1994 470000 life 30years salvage value 20000 2012 2043 20 more years a) 46000 b) 61,000 c) NO ENTRY REQUIRED d) 1,288,000 E11-18 a) Loss on impairment 220,000 accumulated depreciation

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