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Rich Pugh unit 4 exercises - 2011 86,000 60,200 47,500 2012...

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Problem 10-2A Name: Section: Enter the appropriate amounts in the shaded cells below and the table will complete itself. A red asterisk (*) will appear below an incorrect amount. Calculations: Straight-line method: ( $380,000 - $36,000 ) ÷ 4 = $86,000 per year Units-of-production method: ( $380,000 - $36,000 ) ÷ 8,000 = $43 per hour 2009 3,000 @ $43 = $129,000 2010 2,500 @ $43 = $107,500 2011 1,400 @ $43 = $60,200 2012 1,100 @ $43 = $47,300 Declining-balance method: 2009 $380,000 x 50% = $190,000 2010 ( $380,000 - $190,000 ) x 50% = $95,000 2011 ( $380,000 - $285,000 ) x 50% = $47,500 2012 ( $380,000 - $332,500 ) - 36,000 = $11,500 Depreciation Expense Units-of- Declining- Straight-Line Production Balance Year Method Method Method 2009 $86,000 $129,000 $190,000 2010 86,000 107,500 95,000
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Unformatted text preview: 2011 86,000 60,200 47,500 2012 86,000 47,300 11,500 Total $344,000 $344,000 $344,000 3 Problem 10-6A Name: Section: Enter the appropriate amount or account in the shaded cells. An asterisk (*) will appear next to an incorrect item or amount in the outlined cells. 1. a. Amount of amortization, depletion or impairment: $20,000,000 b. Amount of amortization, depletion or impairment: $33,750 c. Amount of amortization, depletion or impairment: $444,000 2. JOURNAL Description Debit Credit a. Loss on Impairment of Goodwill $20,000,000 Goodwill $20,000,000 b. Amortization Expense - Patents 33,750 Patents 33,750 c. Depletion Expense 444,000 Accumulated Depletion 444,000...
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