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AC116 Pr 10-2A and 10-6A - UNIT_4

# AC116 Pr 10-2A and 10-6A - UNIT_4 - #NAME#NAME#NAME...

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Problem 10-2A Name: Joey D. Finley Section: Unit 4 10-2A 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 = #NAME? per year #NAME? #NAME? #NAME? Units-of-production method: ( \$380,000 - \$36,000 ) ÷ 8,000 = #NAME? per hour #NAME? #NAME? #NAME? 2009 3,000 @ #NAME? = #NAME? #NAME? 2010 2,500 @ #NAME? = #NAME? #NAME? 2011 1,400 @ #NAME? = #NAME? #NAME? 2012 1,100 @ #NAME? = #NAME? #NAME? Declining-balance method: 2009 \$380,000 x 50% = #NAME? #NAME? #NAME? 2010 ( \$380,000 - \$190,000 ) x 50% = #NAME? #NAME? #NAME? #NAME? 2011 ( \$380,000 - \$285,000 ) x 50% = #NAME? #NAME? #NAME? #NAME? 2012 ( \$380,000 - \$332,500 ) - 36,000 = #NAME? #NAME? #NAME? #NAME? Depreciation Expense Units-of- Declining- Straight-Line Production Balance Year Method Method Method 2009 #NAME? #NAME? #NAME? 2010 #NAME? #NAME? #NAME? 2011 #NAME? #NAME? #NAME? 2012 #NAME? #NAME?

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Unformatted text preview: #NAME? #NAME? #NAME? Total #NAME? #NAME? #NAME? Problem 10-6A Name: Joey D. Finley Section: Unit 4 10-6A 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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