chapter 10 final submission

chapter 10 final submission - 17) New Truck 42,000 Acc...

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Unformatted text preview: 17) New Truck 42,000 Acc depreciation 24,000 Old truck 30,000 Gain on used trucks 10,000 Cash 26,000 21) a) not really proper cost b) not proper cost at all c) a little bit proper cost d) proper cost e)not proper cost f) can be proper cost g) not proper cost h) can be proper cost i) proper cost BE10-1 $38,600 BE10-2 1-Mar 1,800,000 1,500,000 1-Jun 1,200,000 700,000 31-Dec 3,000,000 2,200,000 BE10-3 Principal interest 10% 5 year 2,000,000 200,000 11% 4 year 3,500,000 385,000 5,500,000 585,000 Weighted average interest rate 10.64% BE10-4 Interest Rate 1,000,000 12% 120,000 1,200,000 10.64% 127,680 2,200,000 247,680 chapter 10 part 1 initial submission (questions 17,21, BE10-1, BE10-2, BE10-3, BE10-4, BE10-5) Weighted- average acc expenditures Weighted-average accumulated expenditure Avoidable Interest BE10-5 Truck(80,000*.6301) 54,641 Discont on Notes Payable 25,359 Notes Payable 80,000 purchase truck 30000 useful life 10 years 16000 trade in value 6000 6000 traded for similar truck 42000 6000 trade in value 16000 26000 cash Chapter 10 part 2 initial submission (BE10-7, BE10-10, BE10-11, E10-1, E10-3, E10-4, E10-8, E10-13...
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chapter 10 final submission - 17) New Truck 42,000 Acc...

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