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Accounting Week 8 - 57750 2250 Gain 2 Cash 60,000...

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Sheet1 Page 1 A) Mike's Bikes, Inc. Depreciation Schedule: Straight-Line method Depreciation Period Year Depreciation Expense Calculation Depreciation Expense 0 1 2007 135000 11250 2 2008 135,000 27,000 3 2009 135,000 27,000 4 2010 135,000 27,000 5 2011 135,000 27,000 6 2012 135,000 15,750 Total 135000 150,000 15,000 135,000 = 135,000/5 27,000 B) 1) 60000
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Unformatted text preview: 57750 2250 Gain 2) Cash 60,000 Accumulated Depreciation: Equipment 92,250 Equipment Gain on Sale of Equipment Sheet1 Page 2 Accumulated Depreciation Book Value 150000 11250 138,750 38,250 111,750 65,250 84,750 92,250 57,750 119,250 30,750 135,000 15,000 150,000 2,250...
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Accounting Week 8 - 57750 2250 Gain 2 Cash 60,000...

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