17 download_doc-19.php

17 download_doc-19.php - A311 (4/30/2009) BE13-14...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
A311 (4/30/2009) BE13-14 $1,500,000 WTY Revenue WTY Revenue Recognized $1,080,000 WTY EXP WTY Exp Recognized 0 24 t -AWE 1 * = -AWE 0 + WTY PMTs 1 - WTY EXP 1 0 180,000 (12/24)(1,080,000) = 540,000 E10-23 See textbook p. 508; lecture notes on capital assets E10-18 FMV(New Equip) = FMV(Cash) + FMV(Old Equip) + Economic G(L) 15,800 (assumed) 10,000 5,200 (assumed) 600 Accounting Entry: Cash……………………………(10,000) Equip (old)……………………. .(11,200) “net book value” Accum. Depr. (old)……………. ....6,300
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/18/2011 for the course BUS 311 taught by Professor Palmer during the Winter '11 term at Indiana.

Ask a homework question - tutors are online