nov13 - ($288,000) Book Value $192,000 building $18,188...

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Michael McCormick ACG 3103 E11-2 a. $45,000 b. no salvage value c. Double Declining balance d. Straight Line e. Straight Line f Double Declining balance has the highest gain E11-4 a. $30,000 b $31,875 c $31,800 d $49,091 e $54,600 E11-5 a. $8,750 b. $4,000 c $14,583 d $28,000 e $39,300 E11-12 a. Depreciation expense $48,500 Accumulated Depreciation $485,000 b. Building $48,500 Addition $16,000 $64,500 c N/A Building $2,000,000 Salvage ($60,000) Accumulated Depreciation ($1,358,000) Book Value $582,000 Addition $500,000 Salvage ($20,000) Accumulated Depreciation
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Unformatted text preview: ($288,000) Book Value $192,000 building $18,188 Addition $6,000 Depreciation Expense $24,188 Michael McCormick ACG 3103 E11-15 2002 2003-2008 2009 Total a(1) $5,360 $87,600 $2,760 $95,720 a(2) $14,600 $87,600 $0 $102,200 a(3) $87,600 $14,600 $102,200 a(4) $7,300 $87,600 $7,300 $102,200 a(5) $4,867 $87,600 $3,650 $96,117 a(6) $0 $87,600 $14,600 $102,200 b 1 and 5 gives a larger asset value, but both are out linger. Choice 1 is time consuming....
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nov13 - ($288,000) Book Value $192,000 building $18,188...

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