Chapter 11 Homework

# Chapter 11 Homework -...

This preview shows pages 1–3. Sign up to view the full content.

Chapter 11: Depreciation, Impairments, and Depletion  Tiffany Watt Homework November 3, 2010 AC 301 – 01   Brief Exercises BE11-2 (a) Cost less salvage = Depreciation charge Estimated service life \$60,000 – \$6,000 = \$6,750 8 (b) 4 ( \$6,7 50 ) = \$2,25 0 12 BE11-3 (a) Remaini ng Book Depreciati on Life in Depreciat ion Depreciati on Value, End Year Base Years Fraction Expense of Year 1 \$54,000 8 8 / 36 \$12,000 \$48,000 2 54,000 7 7 / 36 10,500 37,500 3 54,000 6 6 / 36 9,000 28,500 4 54,000 5 5 / 36 7,500 21,000 5 54,000 4 4 / 36 6,000 15,000 6 54,000 3 3 / 36 4,500 10,500 7 54,000 2 2 / 36 3,000 7,500 8 54,000 1 1 / 36 1,500 6,000 36 36 / 36 \$54,000

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Chapter 11: Depreciation, Impairments, and Depletion  Tiffany Watt Homework November 3, 2010 AC 301 – 01   (b) Remaini ng Book Depreciati on Life in Depreciati on Depreciati on Value, End Year Base Years Fraction Expense of Year 1 \$54,000 8 16.67% 1 \$9,000 \$51,000 2 54,000 7 20.14% 2 10,875 40,125 3 54,000 6 17.36% 3 9,375 30,750 4 54,000 5 14.58% 4 7,875
This is the end of the preview. Sign up to access the rest of the document.

## This note was uploaded on 09/01/2011 for the course BUSINESS 101 taught by Professor - during the Spring '11 term at Mississippi Valley State University.

### Page1 / 6

Chapter 11 Homework -...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online