Nhung E 9.37, P9.60, E10.35 - E 9-37(p 435 Original...

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Unformatted text preview: E 9-37 (p. 435) Original cost ........................................................................$700,000 Accumulated Depreciation, Building......................................150,000 Book Value.............................................................................550,000 Accumulated Depreciation, Building.................. 150,000 Loss on Impairment of Building and Land......... 430,000 Building and Land (700,000 – 120,000). . 580,000 (Recognized $430,000 impairment loss on building and land) P 9-60 (p. 441) 1. January 2, 2007: Airplane, base price............................................ $112,000 Cash discount...................................................... 3,000 Sales tax.............................................................. 4,000 Delivery charges................................................. 1,000 Cash ................................................................. $114,000 2. Amount of depreciation expense: Cost – Salvage Value Depreciation Expense = * number of hours driven Total hours expected $90,000 - $3,000...
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Nhung E 9.37, P9.60, E10.35 - E 9-37(p 435 Original...

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