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Unformatted text preview: beginning balance. JWP NOTE One-half year's depreciation is recorded for all additions and retirements regardless of date of acquisition or disposal. JWP NOTE Asset lives appear reasonable. JWP NOTE Depreciation rates agree with those used in prior year. JWP ^ Footed. R Recomputed mathematical operation. # Amounts traced to prior year's working papers. @ Amounts traced to working paper (F-2). & Amounts traced to working paper (F-3). E Error in calculating amount held a full year. Should subtract retirements. Correct amount is $501,245 (540,845 - 39,600) and correct depreciation is $25,062 ($501,245 x .05). Propose (AJE #12) to correct: Accumulated depn - M&E 231 1980 Depn expense 822 1980...
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- Spring '09