LLS6e_Ch08 - Student Name Class Problem 08-03 Requirement 1...

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Student Name: Class: Problem 08-03 Requirement 1: RATTNER'S MARTIAL ARTS CENTER Machine Purchases Machine A B C Total Purchase price Installation costs Renovation costs Total cost Requirement 2: Depreciation at end of year 1: Machine Method Depreciation A Straight-line B Units-of-production C Double-declining-balance RATTNER'S MARTIAL ARTS CENTER General Journal Account Debit Credit Depreciation expense Accumulated depreciation, Machine A Accumulated depreciation, Machine B Accumulated depreciation, Machine C
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Given P08-03: RATTNER'S MARTIAL ARTS CENTER Machine Purchases Machine A Machine B Machine C Amount paid for asset 8,000 25,000 6,000 Installation costs 500 1,000 500 Renovation costs prior to use 2,500 1,000 1,500 Operating hours at end of first year 4,800 Estimates Residual Machine Life Value Depreciation Method A 5 $1,000 Straight-line B 50,000 hrs 2,000 Units-of-production C 4 1,500 Double-declining-balance
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Student Name: Class: Problem 08-04 REX STORES CORPORATIONS Requirement 1: Depreciation expense recorded in current year Requirement 2:
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LLS6e_Ch08 - Student Name Class Problem 08-03 Requirement 1...

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