ku Acc 116 unit 4 homework

# ku Acc 116 unit 4 homework - 2012 86,000 47,300 11,500...

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Problem 10-2A Name: Pamela Bates Section n: 8 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 - \$47,500 ) - 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 2011 86,000 60,200 47,500

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Unformatted text preview: 2012 86,000 47,300 11,500 Total \$ 344,000 \$ 344,000 \$ 344,000 Problem 10-6A Name: Pamela Bates Section: 8 Enter the approp riate amount or accoun t in the shaded cells. An asteris k (*) will appear next to an incorre ct item or amount in the outline d cells. 1. a. Amoun t of amortiz ation, depleti on or impair ment: \$ 20,000, 000 b. Amoun t of amortiz ation, depleti on or impair ment: \$ 33,750 c. Amoun t of amortiz ation, depleti on or impair \$ 444,00 0 ment: 2. JOUR NAL Descrip tion Debit Credit a. Loss on Impair ment of Goodwi ll \$ 20,000, 000 Goo dwill \$ 20,000, 000 b. Amortiz ation Expens e - Patents 33,750 Pate nts 33,750 c. Depleti on Expens e 4 44,000 Accu mulate d depleti on 4 44,000...
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ku Acc 116 unit 4 homework - 2012 86,000 47,300 11,500...

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