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

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 1

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

View Full Document Right Arrow Icon
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
Image of page 2
Image of page 3

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

View Full Document Right Arrow Icon
Image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern