Ch7 - E7-16AssetMarket ValueTotal Market Value of Total...

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Unformatted text preview: E7-16AssetMarket ValueTotal Market Value% of Total Market ValueTotal CostCost of Each AssetMachine 127,000108,000.25100,00025,000Machine 245,000108,000.417100,00041,700Machine 336,000108,000.333100,00033,300TOTAL108,0001.000100,000Sale of Machine 2… $45,000Cost… $41,700Gain on Sale… $3,300E7-17a) Capital Expenditureb) Capital Expenditure c) Capital Expenditured) Capital Expendituree) Capital Expendituref) Capital Expenditureg) Immediate Expenseh) Capital Expenditurei) Immediate Expensej) Capital Expenditurek) Immediate ExpenseE7-19YearStraight-LineUnits-of-ProductionDouble-Dec. Balance20X13,0004,0807,50020X23,0003,3603,75020X33,0002,16075020X43,0002,400TOTAL12,00012,00012,000Straight Line:(15,000-3,000)/4 = 3,000Units-of-Production:(15,000-3,000)/ 100,000 = .1234,000 * .12 = 4,08028,000 * .12 = 3,36018,000 * .12 = 2,16020,000 * .12 = 2,400Double Declining Balance:¼ * 2 = .515,000 * .5 = 7,500(15,000 - 7,500) * .5 = 3,750(7,500 - 3,750) = 3750 – 3000 = 750Units of Production (wear and tear); Double Declining Balance (income statement)...
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This note was uploaded on 08/30/2011 for the course ACG 2021 taught by Professor Hornik during the Fall '08 term at University of Central Florida.

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Ch7 - E7-16AssetMarket ValueTotal Market Value of Total...

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