Chapter 11 Homework -...

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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
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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
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Chapter 11 Homework -...

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